Spain 3md energy

How much energy does Spain import?

Spain’s dependency rate on energy imports stood at roughly 74 percent in 2022, meaning that the country imported almost three-quarters of the total primary energy consumed, while only 25 percent came from domestic sources.

Are Spain & Portugal ready for a green energy transition?

Spain and Portugal’s unique geographic endowments—including ample opportunities for cost-effective renewable energy production and significant raw materials—as well as their mature industrial base, mean they are well placed to capture the “green growth” that the energy transition can deliver.

What are the challenges facing Spain's energy system?

However, the energy system in Spain bears several legacy headwinds that may hamper progress, including uncertain regulatory frameworks, additional taxes for companies in the energy sector (for example, in 2022, Spain introduced a 1.2 percent additional tax on revenues for some companies in the sector), and lengthy permitting processes. 7

Can Spain's green energy exceed demand?

Spain's green energy can exceed demand The patchwork plains of Castilla-La Mancha, in central Spain, were once known for their windmills. But now it is wind turbines, their modern-day equivalent, which are much more visible on the region’s skyline.

Can renewables solve Spain's nuclear crisis?

What will provide more flexibility is hydropower and, within hydropower, pumping,” adds the expert. “ By 2030, Spain will have three fewer nuclear reactors and it turns out that renewables are solving the problem on their own,” says Pedro Fresco, former director of Energy Transition in the Valencia region.

What challenges are preventing Spain's electrification wave from materializing?

However, Spain faces challenges that are preventing this electrification wave from materializing. Electricity demand in Spain hasn’t grown since 2021, which could be due to increased energy efficiencies in the market, decreases in industrial output, or a shift to decentralized solar generation.