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Spain's energy outlook: A review of PV potential and energy export

Gago, E.J.; Girard, Aymeric; Ordo�ez, J.; Muneer, T.

Authors

E.J. Gago

Aymeric Girard

J. Ordo�ez



Abstract

Spain must reduce its energy consumption by 23% and achieve 100% renewable energy in electricity generation by 2030. This paper presents the current energy scenario en Spain, and the outlooks for different renewable options, with special focus on photovoltaic (PV) solar energy. In 2012, Spain was the number two European country in terms of installed rewnewable energy power. Solar PV technology has the potential to meet Spain's future energy demand and its associated environmental challenges. This paper gives a review of solar energy economy at global scale for both PV and thermal power technologies. The Spanish energy scenario shows actual trends and progress made by solar power. Economic concepts of levelised cost of electricity and grid parity are presented. The financial analysis shows that PV electricity achieves grid parity at a plant profitability rate up to 7.26%.

Journal Article Type Article
Acceptance Date Aug 29, 2015
Publication Date 2016-02
Deposit Date Feb 26, 2016
Print ISSN 0960-1481
Electronic ISSN 1879-0682
Publisher Elsevier
Peer Reviewed Peer Reviewed
Volume 86
Pages 703-715
DOI https://doi.org/10.1016/j.renene.2015.08.074
Keywords Solar energy, Spain, Electricity production, Economy, Grid parity,
Public URL http://researchrepository.napier.ac.uk/id/eprint/9574
Publisher URL http://dx.doi.org/10.1016/j.renene.2015.08.074