Spanish Government authorizes nearly 300 renewable energy projects! Combined investment value exceeds 17 billion euros

The Spanish government has authorized the construction of nearly 300 renewable energy projects, with a total capacity of over 28 gigawatts (GW), which will help the Iberian state meet its ambitious climate goals

According to Monday’s statement from the Ministry of Energy in Madrid, the projects include photovoltaic plants, 43 wind farms, and a hydroelectric plant. The combined investment value exceeds 17 billion euros (18.4 billion dollars).

Taking advantage of sunny plains, hills with strong winds, and fast-flowing rivers, Spain aims for renewable energy to account for 81% of its total energy mix by 2030, up from about 50% currently.

Recently published data from grid operator Redeia shows that Spain generated nearly 60% of its electricity from renewable energy sources in the first half of 2024, thanks to new solar capacities and increased hydroelectric production.

Renewables accounted for 51% of the total a year ago.

Wind farms generated 24.4% of the total, up from 24.1% a year ago, while solar plants generated 16.3% of the total, up from 13.8%, and hydroelectric plants accounted for 15.9%, up from 9.8%, according to Redeia’s data.

The main source of non-renewable electricity is nuclear energy, which produced 18.6% of electricity in the first half of the year. The data indicates that Spain is approaching its goal of generating 80% of its energy without carbon dioxide emissions.