Spain to add 8.5 GW of renewables by 2020 - report

Spain to add 8.5 GW of renewables by 2020 – report

Veselina Petrova — The Spanish Ministry of Industry intends to add some 8,537 MW of renewable energy capacity between 2015 and 2020, local news agency Europa Press said Thursday. The move is aimed at lifting the country’s installed renewable energy capacity from 48,267 MW in 2015 to 56,804 MW by 2020. More specifically, the government’s plan calls for the construction of 1,370 MW of solar photovoltaic (PV) facilities and 211 MW of solar thermal power plants. Some 6,473 MW of wind farms will be constructed, as well. According to the report, renewable energy developers will also need to provide a […]

By Derick Lila February 9, 20150

Veselina Petrova — The Spanish Ministry of Industry intends to add some 8,537 MW of renewable energy capacity between 2015 and 2020, local news agency Europa Press said Thursday.

The move is aimed at lifting the country’s installed renewable energy capacity from 48,267 MW in 2015 to 56,804 MW by 2020.

More specifically, the government’s plan calls for the construction of 1,370 MW of solar photovoltaic (PV) facilities and 211 MW of solar thermal power plants. Some 6,473 MW of wind farms will be constructed, as well.

According to the report, renewable energy developers will also need to provide a guarantee of EUR 20.00 (USD 22.6) per each kW installed so as to avoid speculations around subsidies allocation. Projects of less than 10 kW will not be subject to the new rule.

Last year, Spain put on stream only 7 MW of solar parks for a cumulative of 4,672 MW, statistics by local grid operator Red Electrica de Espana show. The 2014 capacity additions compare with 105 MW of solar plants commissioned in 2013.