Spain's energy set to be 70% renewable by 2030
A new report released by the Spanish Ministry of Industry, Tourism and Digital Agenda has forecast that 70% of Spain's energy will come from renewable sources by 2030.
Currently about 40% of Spain's energy comes from renewable sources, about half of which comes from wind power. However solar power is set to take over as the dominant form of energy by 2030 as lower construction costs and cheaper solar panels has caused a boom in the solar market. In 2018 alone, energy firms such as Iberdrola, Cox Energy, Hive Energy and Luxcara have started large solar projects in Spain.
According to the report, solar power is expected to produce 47.1 TWh by 2030, but there will also substantial production from wind power (31 TWh), combined cycle plants (24.5 TWh) and hydropower (23 TWh).
The report also suggests that the move to solar will provide Spanish citizens with cheaper access to energy, a halving in CO2 emissions and will create extra revenue as power exports to France would increase by around 236%.
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