Expected ROI of solar plus storage project in Spain 2025

How much energy storage will Spain have by 2030?

In its National Energy and Climate Plan (NECP), the Spanish government aims to have 22.5GW of energy storage by 2030 (see table 1). This amount of storage capacity will be needed to integrate the growing capacity of intermittent generation.

Will Spain become Europe's second-largest solar market?

This report delves into the policies, technological advances, and market forces shaping Spain’s rise as Europe’s second-largest solar market. It also highlights the challenges ahead, from grid integration to price stability.

How much solar PV will Spain have by 2030?

This is up 1GW from the targets proposed last year in Spain’s updated NECP. On the other hand, solar PV’s target remains the same as previously reported by our sister site PV Tech last year. By 2030 the country aims to have 76GW of solar PV, including 19GW of self-consumption.

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.

Are solar projects a good investment in Spain?

Utility-scale solar projects are at the forefront of Spain’s solar expansion. Investors can participate in the development of large solar farms that feed electricity into the national grid. These projects often benefit from government incentives and long-term contracts, offering stable returns. b. Distributed Generation and Rooftop Solar

Are Spain & Portugal getting more solar?

With both Spain and Portugal setting ambitious solar and storage targets, the region is experiencing record-breaking solar installations and rapid capacity expansion.