Spain targets 120 GW of renewable energy capacity in 2030

Wind park in Spain. Author: Santi VillamarĂ­n. License: Creative Commons, Attribution-NoDerivs 2.0 Generic.

February 25 (Renewables Now) – Spain will aim at 120 GW of installed renewable energy capacity by 2030, primarily wind and solar,  the country's national integrated energy and climate plan (NECP 2021-2030)  shows.

On Friday, the Spanish government approved the plan proposing that renewables make up 42% of the final energy consumption in 2030.

The plan also targets a 21% reduction in greenhouse gas emissions compared to the 1990 levels, a 39.6% improvement in energy efficiency, a 74% share of renewables in the electricity generation  and a 22% share of renewables in transport by 2030. Energy storage capacity should grow by an additional 6 GW.

Spain will target a 100% renewables share in the electricity sector by 2050, in line with the climate-neutral strategy set by the European Union.

The proposed technology-specific capacity targets are presented in the table below:

Source/Capacity in MW 2015 2020 2025 2030
Wind 22,925  27,968  40,258  50,258
Solar PV 4,854  8,409  23,404  36,882 
Solar thermal 2,300  2,303  4,803  7,303
Hydro 14,104  14,109  14,359  14,609
Biomass 677 877 1,077  1,677 

Coal-powered capacity will drop to 0-1,300 MW in 2030 from 4,532 MW estimated in 2025 and 11,311 MW in 2015, the base year.

Nuclear power capacity will decrease abruptly to 3,181 MW in 2030 from 7,399 MW in the base year.

Spain’s total installed capacity is estimated at 157 GW in 2030. Given the significant push for renewables in the 2021-2030 period, the ministry considers auctions will be the principal tool to achieve the targets in the coming decades.

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Sladjana has significant experience as a Spain-focused business news reporter and is now diving deeper into the global renewable energy industry. She is the person to seek if you need information about Latin American renewables and the Spanish market.

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