Spain Renewables Report

Published 29 December 2014

  • 35 pages
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  • Includes 3 free updated quarterly reports
Spain Renewables Report

BMI View: Renewable energy continues to make a fundamental contribution to Spain's electricity mix and the country is a major renewables hub in Europe, in terms of total installed capacity. However, growth prospects are muted - as the uncertain regulatory environment, limited project pipeline and a clouded economic picture dampen the outlook.

A number of regulatory changes over 2013 and the beginning of 2014 have rocked Spain's renewables industry. Coupled with the country's depressed economic picture, these reforms have dented investor confidence and created difficulties for renewable energy operators.

Recent developments include:

  • The Spanish Wind Energy Association announced in July 2014 that only one wind turbine was installed during the first half of 2014, amounting to just 80KWh of capacity.

  • It was announced in October that Gamma Solutions secured a contract to build and operate a 200MW solar park in Extremadura. The firm, which won the contract through a request for proposals, now seeks approvals for the scheme from the central and local government authorities. Construction of the facility is expected to be completed in two years.

  • It was reported on February 2014 that UAE renewable energy developer Masdar had filed a legal case against Spain through the International Centre for Settlement of Investment Disputes (ICSID) in relation to the government's renewable energy reforms. More recently, US company NextEra also filed a complaint through the ICSID. According to Bloomberg, this is the forth complaint of its kind.

  • Spain-based renewable energy company Ence Energia y Celulosa announced in August 2014 that it plans to build 210MW of biomass plants in Canary Islands, Spain. The company will spend EUR546mn to set up three biomass stations of 70MW each. Construction work is likely to start in 2015, and completion is expected in 2016.

  • It was reported by Spanish grid operator Red Eléctrica de España that wind power accounted for around 21% of...

Table of Contents

BMI Industry View
Industry Forecast
Spain Renewables Forecast Scenario
Table: Spain Total Electricity Generation Historical Data & Forecasts, 2012-2017
Table: Spain Total Electricity Generation Long-Term Forecasts, 2018-2023
Table: Spain Electricity Generating Capacity, Historical Data & Forecasts, 2012-2017
Table: Spain Electricity Generating Capacity Long-Term Forecasts, 2018-2023
Spain Renewables Projects Database
Table: Spain Project Pipeline
Industry Risk/Reward Ratings
Spain Renewables Risk/Reward Ratings
Market Overview
Sustainable Energy Policy and Infrastructure
Targets (Renewables And Emissions)
Competitive Landscape
Table: Glossary Of Terms
Methodology And Sources
Industry Forecast Methodology
Risk/Reward Ratings Methodology
Table: Renewables Risk/Reward Rating Indicators
Table: Weighting Indicators

The Spain Renewables Report researched at source contains Business Monitor International (BMI)'s assessment of the current renewables market in Spain. The report also contains historical data together with forecasts to end-2018 covering electricity generation (TWh) and electricity capacity (MW).

The renewables sectors covered in the report include Wind, Solar, Geothermal, Tidal and Wave, and Biomass (See Table of Contents for exact coverage). The report also features details on government green energy agendas and funding opportunities, as well as presenting a detailed list of key renewables projects currently being planned or undertaken in Spain, their capacity, the timeframe of construction and their current status.

The report discusses the various energy policies currently in force, including targets, subsidies and the relevant infrastructure developments or limitations which might impact on renewables growth, analysing the potential effects of regulatory changes in conjunction with the background macroeconomic outlook. Finally, there is a general overview of the competitive landscape in Spain, together with a detailed summary of the main utilities and manufacturers present and their business operations.

BMI's Spain Renewables Report provides industry professionals and strategists, sector analysts, investors, trade associations and regulatory bodies with unique independent forecasts and competitive intelligence on the Spain renewables industry.

Key Benefits

  • Benchmark BMI's independent renewables industry forecasts for Spain to test other views - a key input for successful budgeting and planning in the renewables market.
  • Target business opportunities and risks in the Spain renewables sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in the country.


BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis covering the renewables market in Spain, regulatory changes, major investments and projects and significant multinational and national company developments.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the renewables sector and within the broader political, economic and business environment.

BMI Industry Forecasts

Historic data series (2010-2012) and forecasts to end-2018 for electricity generation (TWh) and electricity generating capacity (MW) for each individual renewables sector present in the country.

These in turn are broken down into:

Electricity Generation: Overall capacity (TWh), growth % change year-on-year, KWh per capita, % of Total Non-Hydropower renewables generation, % of total electricity generation.

Electricity Capacity: Overall capacity (MW), growth % change year-on-year, % of non-hydroelectric renewables capacity and % of total capacity.

These forecasts are in turn supported by explicit assumptions, in conjunction with analysis of the key risks to the main forecast.

Business Environment Rankings

BMI's Renewables Business Environment Rankings provide fully comparable Risk-Reward Rankings aimed at investors in the regional renewables market.

The rankings methodology makes sophisticated use of various industry, economic and demographic data point.

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'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc