The photovoltaic industry will invest €70 billion to meet Paris Agreement goals

  • Secretary of State for Energy, José Domínguez Abascal, set the renewable penetration quote in 35% for 2030, where solar energy would take half of this percentage.
  • Installations of up to 60,000 MW would be needed.
  • Energy industry shows its satisfaction with the approval of the urgent measures to energy transition and consumer’s protection –

Madrid, November 2018 – The 5th Solar Forum “Photovoltaic: leading role in the energy transition” closed after two days of intense activity, with 13 discussion panels, more than 50 speakers and 600 visitors.

It is the reference meeting of the photovoltaic industry in Spain, where key issues that affect the present and future of the industry have been discussed. Important issues such as energy policy, self-consumption, digitalization and new business models, storage, financial capacity and technological advances.

Energy’s Secretary of State, José Domínguez Abascal, was in charge of the opening, highlighting in the first place the challenge that climate change represents, “a challenge that needs urgent response from the companies that make up this market, as well as the technology development to give an urgent, clear answer”. Furthermore, he mentioned the positive growth of renewable energies in 2017, year in which solar energy provided with more net capacity than fossil fuels, 100 GW, “an encouraging growth level”. Regarding the renewables goal, the Secretary of State set the objective in a 35% penetration level in 2030, year in which solar energy will cover up over half of this goal, something for which between 50.000 and 60.000 MW will have to be installed. Specifically, Abascal set a €70 billion investment figure. In his words: “Spain is at a unique, historic moment it must leverage to be at the front row”.

Miguel Arias Cañete, Commissioner for Climate Action and Energy Miguel Arias Cañete, highlighted the success of the European Directive on Renewable Energy and stated “the need to speed up the energy transition process to clean energies, in order to meet the goals of the Paris Agreement in terms of the environment, with the photovoltaic energy playing a key role”. In regards to this, he appointed the need to have a “more competitive, integrated market, as well as a stable regulatory frame and transparent, stable aids”. In his words, “it is necessary a coordinated framework in which each member state provides specific measures”. Furthermore, he stressed the “need to solve the interconnection of power network among European nations and to define a European storage strategy”. He ended appointing Spain’s determination and commitment to meet the 80-100% goal for the year 2050.

José Blanco, MEP, Group of the Progressive Alliance of Socialists and Democrats, focused on the change of the energy model the new directive brings, establishing the right to self-consumption, “to produce, sell at market prices, storage and share energy”, as well as facilitate paperwork. Furthermore, he reminded that the penetration of renewables fixed in Spain’s energy mix will lead to a “40%-reduction in gas emissions by 2030”.

Finally, Jorge Barredo, president, UNEF, thanked the regulatory advances taking place in the past months aiming at “reaching the definition of an energy framework consistent with the ecological transition and the elimination of administrative and economic barriers to the development of the photovoltaic energy”. In this regard, he was happy with the approval of the Royal Decree 15/2018 introducing urgent measures for the energy transition and the protection of consumers. However, he admitted that further planning is needed in line with the goals, a reform of the power market, a stable legal framework and the reduction in the number of steps needed to access these networks. Lastly, he pointed out that “the photovoltaic sector generates over 19,000 jobs in Spain and invests 1.6% of its revenues in R&D”.

The successful 5th Solar Forum has proved the sector is ready to develop the necessary projects to reach the goals in renewable energy set by the Government, both through PPAs or two-way agreements, as well as through energy auctions. The success in the abolotion of the Sun tax has been key to foster self-consumption and to create an industry capable of creating jobs.


Sobre UNEF

La Unión Española Fotovoltaica (UNEF) es la asociación sectorial de la energía solar fotovoltaica en España. Formada por más de 300 empresas, entidades y agrupaciones de toda la cadena de valor de la tecnología, representa a más del 85% de la actividad del sector en España y aglutina a su práctica totalidad: productores, instaladores, ingenierías, fabricantes de materias primas, módulos y componentes, distribuidores y consultores. UNEF ostenta además la presidencia y co-secretaría de FOTOPLAT, la plataforma fotovoltaica tecnológica española. La plataforma agrupa a las universidades, centros de investigación y empresas referentes del I+D fotovoltaico en España.

Para más información:

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Angel Garcia Merino                              Patricia Viñes