What's happening in Spain's solar market?

Download the full report to stay ahead in this rapidly evolving market. With Spain’s solar market remaining a crucial topic, don’t miss your free ticket for Solar & Storage Live España 25-26 June 2025. Spain’s solar energy sector has surged to 22.45 GW of capacity by early 2023, with ground-mounted solar farms driving 77% of new installations.

Is Spain scaling up solar fast?

Spain is scaling up solar fast — but the next challenge is making it last. Credit: mrganso from pixabay via Canva.com Spain is chasing something bigger; it’s not only expanding solar energy, but also aiming for a future where energy is never depleted, following the unexpected blackout that affected every part of the country in April 2025.

What happens if solar prices go down in Spain?

When German prices reach -€150/MWh, Spain can't import enough energy to bring the price down. Economic curtailment: Most Spanish solar installations are large commercial projects with remote control capabilities. When prices become negative, solar operators stop generating.

Will solar panels power Spain around the clock?

Solar panels alone won’t power the country around the clock. What Spain is not doing is racing to build the system behind the sunshine smart grids, storage, and energy does not vanish when the sun sets, so the new plan includes: You can see the change in where Spain puts its focus.

Why are solar and wind energy projects not a good investment?

These issues have resulted in lower-than-expected returns on investment, difficulties in project financing, and a decline in both M&A transactions involving renewable assets and their valuation, with solar energy production being more significantly impacted than wind energy projects.