Solar energy is constantly growing throughout the world. Technologies are advancing every day which maximise energy production in the smallest possible space. New solar panels, solar batteries and solar regulators are regularly appearing.

In 2019, Spain represented 90% of photovoltaic installations in the EU, from 228 MW to 4,080 MV. Spain leads the photovoltaic sector, covering 90% of the European market.

Here are some of the reason why Spain is leading in this sector: 

• Change in legislation that favoured self-consumption and production of renewable energy
• Compensation for surpluses produced
• Aid from European funds, ERDF
• Fight against climate change
• Need for better air quality 
• Avoiding pollution 

The pandemic’s impact on the fuel industry

While the fossil fuel industry is being hit by the crisis caused by COVID-19, renewable energy has reached a point of maximum profitability. 

Opportunities to create employment and activity and contribute both to the development of “more efficient and resilient energy systems” and to the reduction of emissions.

Spain occupies the fifth position in the world in wind patents according to the UN.

Encouraging data from the sector:

• The new European legislation for 2030 promotes the consumption of renewable energies, establishing that 32% of the total energy is renewable energy.
• In Spain, we lead the production of energy and we have international experience as well as a high degree of competitiveness. 
• The sector grew by 10.7% in real terms in 2019, contributing 10,521 million euros to the Spanish national GDP.
• Employs approximately 90,000 workers 
• Spain leads exports (4,769 million euros). 
• The renewable sector contributed positively to the state coffers, surpassing taxes on subsidies by 1,058 million.

Value of solar energy exports from Spain:

As shown in the graph, countries in the European market are of greatest interest for Spanish companies. Morocco and the USA are also reaching a significant share. Spain exports technology to 22 of the 28 EU countries and new markets are opening up in Africa and Asia-Oceania.

The Spanish wind sector has 195 manufacturing centres and over 1,000 parks. This has a multiplier effect throughout Spain. 

A large number of foreign wind companies have settled in Spain, which means that a lot of their business processes are carried out on their soil. Wind power also creates twice as many jobs as conventional technologies. 

Current energy landscape in Spain:

If you’re thinking of going international, there is no room for improvisation in internationalisation. 

For this reason, at How2Go, we support you in your search for strategic international markets. We have extensive experience in different countries and a team of professionals in 10 countries. Analytics, patience, knowledge and good advice are key elements to undertake abroad: contact@h2gconsulting.com