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The Spain solar power market is anticipated to expand at a CAGR of 10.1% during the forecast period, 2021 – 2028. The growth of the market is attributed to rising energy demand for and increasing implementation of regulations to ensure efficiency and utilization of energy.
Spain is one of the first countries to deploy large-scale solar photovoltaics. In 2018, Spain was the first country that installed concentrated solar power (CSP) in the world. By the end of the year, the cumulative total solar power installed was 7,011 MW, out of which, 4,707 MW were solar PV installations and 2,300 MW were concentrated solar power. In 2016, nearly 8 TWh of electrical power was produced from photovoltaics, and 5 TWh from CSP plants. In the same year, photovoltaics accounted for 3% of total electricity generation, while solar-thermal an additional 1.9%.
Read More: https://growthmarketreports.com/report/solar-power-market-spain-industry-analysis
Article source: https://article-realm.com/article/Finance/21722-Spain-Solar-Power-Market-Growth-Market-Reports.html
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