Spain represents an attractive location for solar development not only due to the nation’s climate but also because of the ambitious renewable energy goals the country has set. Spain aims to produce 60GW of renewable energy by 2030 in order to combat climate change.
Therefore, it is no surprise to see the largest European solar developers strive to gain a foothold in the Spanish solar market. Below are some examples of the largest solar developers active in Spain, aiming to exploit the 2,500 hours of Spanish sun a year, putting the country amongst the highest potential solar generators in Europe.
1) RWE (Essen, Germany)
The German group are one of the leading developers and investors in Spanish solar. Not only in Spain, but RWE also have a global installed capacity of over 13GW from wind and solar assets putting them among the largest global developers. The Essen-based renewable giants have 440MW of installed capacity from Spanish projects, including wind, hydro and solar.
In November 2021, RWE announced their intention to strengthen their position with the plans to build two further solar parks. The 88MW Puerta del Sol project is located in Guadalajara and once fully operational will produce enough energy to supply 61,000 Spanish homes.
2) Matrix Renewables (Madrid, Spain)
The Madrileño-based solar developer has developed 1.8GW of solar energy in Spain, the US, and Chile, with a future 2.3GW pipeline. The US company initially began developing Spanish solar energy in 2020 thanks to acquisitions from Trina Solar and Rolwind.
Since then, Matrix Renewables have built a 975MW portfolio in the space of just 18 months. The Madrid-based group aim to expand on this portfolio and in January 2022, announced the development of two new solar projects with a future 300MW capacity.
3) Prodiel (Seville, Spain)
The Seville-based group were founded in 1994 and to date have developed 2.1GW of solar energy. Prodiel are responsible for the development of one of the largest solar parks in the Iberian Peninsula. The 300MW site was developed in 2020 and is comprised of 554,000 solar modules.
In April 2022, the group announced a new joint venture with Swiss investment group, Smartenergy. The new partnership named Greenfield PV will develop 5GW of Spanish solar and the team consists of 50 specialists in solar development.
Image Source Unsplash 13.05.2022
