IDEAS home Printed from https://ideas.repec.org/a/eee/renene/v86y2016icp703-715.html
   My bibliography  Save this article

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

Author

Listed:
  • Girard, A.
  • Gago, E.J.
  • Ordoñez, J.
  • Muneer, T.

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%.

Suggested Citation

  • Girard, A. & Gago, E.J. & Ordoñez, J. & Muneer, T., 2016. "Spain's energy outlook: A review of PV potential and energy export," Renewable Energy, Elsevier, vol. 86(C), pages 703-715.
    • Handle: RePEc:eee:renene:v:86:y:2016:i:c:p:703-715
    DOI: 10.1016/j.renene.2015.08.074
    as

    Download full text from publisher

    File URL: http://www.sciencedirect.com/science/article/pii/S0960148115302743
    Download Restriction: Full text for ScienceDirect subscribers only
    File URL: https://libkey.io/10.1016/j.renene.2015.08.074?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Izquierdo, Salvador & Montañés, Carlos & Dopazo, César & Fueyo, Norberto, 2010. "Analysis of CSP plants for the definition of energy policies: The influence on electricity cost of solar multiples, capacity factors and energy storage," Energy Policy, Elsevier, vol. 38(10), pages 6215-6221, October.
    2. Movilla, Santiago & Miguel, Luis J. & Blázquez, L. Felipe, 2013. "A system dynamics approach for the photovoltaic energy market in Spain¤," Energy Policy, Elsevier, vol. 60(C), pages 142-154.
    3. Jefferson, Michael, 2006. "Sustainable energy development: performance and prospects," Renewable Energy, Elsevier, vol. 31(5), pages 571-582.
    4. Ortega, Margarita & del Río, Pablo & Montero, Eduardo A., 2013. "Assessing the benefits and costs of renewable electricity. The Spanish case," Renewable and Sustainable Energy Reviews, Elsevier, vol. 27(C), pages 294-304.
    5. Burgos-Payán, Manuel & Roldán-Fernández, Juan Manuel & Trigo-García, Ángel Luis & Bermúdez-Ríos, Juan Manuel & Riquelme-Santos, Jesús Manuel, 2013. "Costs and benefits of the renewable production of electricity in Spain," Energy Policy, Elsevier, vol. 56(C), pages 259-270.
    6. Schleicher-Tappeser, Ruggero, 2012. "How renewables will change electricity markets in the next five years," Energy Policy, Elsevier, vol. 48(C), pages 64-75.
    7. del Rio, Pablo & Gual, Miguel A., 2007. "An integrated assessment of the feed-in tariff system in Spain," Energy Policy, Elsevier, vol. 35(2), pages 994-1012, February.
    8. Xiaowu, Wang & Ben, Hua, 2005. "Exergy analysis of domestic-scale solar water heaters," Renewable and Sustainable Energy Reviews, Elsevier, vol. 9(6), pages 638-645, December.
    9. Batlle, Carlos & Vazquez, Carlos & Rivier, Michel & Perez-Arriaga, Ignacio J., 2007. "Enhancing power supply adequacy in Spain: Migrating from capacity payments to reliability options," Energy Policy, Elsevier, vol. 35(9), pages 4545-4554, September.
    10. Filippini, Massimo & Wild, Jorg, 2001. "Regional differences in electricity distribution costs and their consequences for yardstick regulation of access prices," Energy Economics, Elsevier, vol. 23(4), pages 477-488, July.
    11. Hay, John E., 1993. "Calculating solar radiation for inclined surfaces: Practical approaches," Renewable Energy, Elsevier, vol. 3(4), pages 373-380.
    12. Trieb, Franz & Schillings, Christoph & Pregger, Thomas & O'Sullivan, Marlene, 2012. "Solar electricity imports from the Middle East and North Africa to Europe," Energy Policy, Elsevier, vol. 42(C), pages 341-353.
    13. Jablonski, Sophie & Tarhini, Mohamad & Touati, Manaf & Gonzalez Garcia, David & Alario, Juan, 2012. "The Mediterranean Solar Plan: Project proposals for renewable energy in the Mediterranean Partner Countries region," Energy Policy, Elsevier, vol. 44(C), pages 291-300.
    14. Sarasa-Maestro, Carlos J. & Dufo-López, Rodolfo & Bernal-Agustín, José L., 2013. "Photovoltaic remuneration policies in the European Union," Energy Policy, Elsevier, vol. 55(C), pages 317-328.
    15. de Arce, Rafael & Mahía, Ramón & Medina, Eva & Escribano, Gonzalo, 2012. "A simulation of the economic impact of renewable energy development in Morocco," Energy Policy, Elsevier, vol. 46(C), pages 335-345.
    16. Desideri, Umberto & Campana, Pietro Elia, 2014. "Analysis and comparison between a concentrating solar and a photovoltaic power plant," Applied Energy, Elsevier, vol. 113(C), pages 422-433.
    17. Talavera, D.L. & Nofuentes, G. & Aguilera, J. & Fuentes, M., 2007. "Tables for the estimation of the internal rate of return of photovoltaic grid-connected systems," Renewable and Sustainable Energy Reviews, Elsevier, vol. 11(3), pages 447-466, April.
    18. de la Hoz, Jordi & Martín, Helena & Ballart, Jordi & Córcoles, Felipe & Graells, Moisès, 2013. "Evaluating the new control structure for the promotion of grid connected photovoltaic systems in Spain: Performance analysis of the period 2008–2010," Renewable and Sustainable Energy Reviews, Elsevier, vol. 19(C), pages 541-554.
    19. Carrión, J. Arán & Espín Estrella, A. & Aznar Dols, F. & Ridao, A. Ramos, 2008. "The electricity production capacity of photovoltaic power plants and the selection of solar energy sites in Andalusia (Spain)," Renewable Energy, Elsevier, vol. 33(4), pages 545-552.
    20. del Río, Pablo & Mir-Artigues, Pere, 2012. "Support for solar PV deployment in Spain: Some policy lessons," Renewable and Sustainable Energy Reviews, Elsevier, vol. 16(8), pages 5557-5566.
    21. Ciarreta, Aitor & Gutiérrez-Hita, Carlos & Nasirov, Shahriyar, 2011. "Renewable energy sources in the Spanish electricity market: Instruments and effects," Renewable and Sustainable Energy Reviews, Elsevier, vol. 15(5), pages 2510-2519, June.
    22. de la Hoz, Jordi & Boix, Oriol & Martín, Helena & Martins, Blanca & Graells, Moisès, 2010. "Promotion of grid-connected photovoltaic systems in Spain: Performance analysis of the period 1998-2008," Renewable and Sustainable Energy Reviews, Elsevier, vol. 14(9), pages 2547-2563, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Prakash, Prem & Khatod, Dheeraj K., 2016. "Optimal sizing and siting techniques for distributed generation in distribution systems: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 57(C), pages 111-130.
    2. Song, Zhiying & Ji, Jie & Zhang, Yuzhe & Cai, Jingyong, 2023. "Numerical exploration and experimental validation of a tri-generation heat pump system in cooling mode," Energy, Elsevier, vol. 273(C).
    3. Guo, Jinyi & Lin, Simao & Bilbao, Jose I. & White, Stephen D. & Sproul, Alistair B., 2017. "A review of photovoltaic thermal (PV/T) heat utilisation with low temperature desiccant cooling and dehumidification," Renewable and Sustainable Energy Reviews, Elsevier, vol. 67(C), pages 1-14.
    4. Daniel Wuebben & Jens F. Peters, 2022. "Communicating the Values and Benefits of Home Solar Prosumerism," Energies, MDPI, vol. 15(2), pages 1-19, January.
    5. Song, Zhiying & Ji, Jie & Zhang, Yuzhe & Cai, Jingyong, 2023. "Performance improvement and comparison analysis of the hybrid concentrated dual-source heat pump system regarding proper throttling process," Renewable Energy, Elsevier, vol. 206(C), pages 24-38.
    6. Samper, M. & Coria, G. & Facchini, M., 2021. "Grid parity analysis of distributed PV generation considering tariff policies in Argentina," Energy Policy, Elsevier, vol. 157(C).
    7. Spyridon Alatzas & Konstantinos Moustakas & Dimitrios Malamis & Stergios Vakalis, 2019. "Biomass Potential from Agricultural Waste for Energetic Utilization in Greece," Energies, MDPI, vol. 12(6), pages 1-20, March.
    8. Jahanshahi, Akram & Kamali, Mohammadreza & Khalaj, Mohammadreza & Khodaparast, Zahra, 2019. "Delphi-based prioritization of economic criteria for development of wave and tidal energy technologies," Energy, Elsevier, vol. 167(C), pages 819-827.
    9. Martins, Florinda, 2017. "PV sector in the European Union countries – Clusters and efficiency," Renewable and Sustainable Energy Reviews, Elsevier, vol. 74(C), pages 173-177.
    10. Lomas, J.C. & Muñoz-Cerón, E. & Nofuentes, G. & de la Casa, J., 2018. "Sale of profitable but unaffordable PV plants in Spain: Analysis of a real case," Energy Policy, Elsevier, vol. 117(C), pages 279-294.
    11. Milosavljević, Dragana D. & Pavlović, Tomislav M. & Mirjanić, Dragoljub LJ. & Divnić, Darko, 2016. "Photovoltaic solar plants in the Republic of Srpska - current state and perspectives," Renewable and Sustainable Energy Reviews, Elsevier, vol. 62(C), pages 546-560.
    12. Strazzera, Elisabetta & Statzu, Vania, 2017. "Fostering photovoltaic technologies in Mediterranean cities: Consumers’ demand and social acceptance," Renewable Energy, Elsevier, vol. 102(PB), pages 361-371.
    13. Adam X. Hearn & Raul Castaño-Rosa, 2021. "Towards a Just Energy Transition, Barriers and Opportunities for Positive Energy District Creation in Spain," Sustainability, MDPI, vol. 13(16), pages 1-18, August.
    14. Daniel Icaza-Alvarez & Nestor Daniel Galan-Hernandez & Eber Enrique Orozco-Guillen & Francisco Jurado, 2023. "Smart Energy Planning in the Midst of a Technological and Political Change towards a 100% Renewable System in Mexico by 2050," Energies, MDPI, vol. 16(20), pages 1-26, October.
    15. Álvaro González Lorente & Montserrat Hernández López & Francisco Javier Martín Álvarez & Javier Mendoza Jiménez, 2020. "Differences in Electricity Generation from Renewable Sources from Similar Environmental Conditions: The Cases of Spain and Cuba," Sustainability, MDPI, vol. 12(12), pages 1-18, June.
    16. Wang, Qizhen & Zhu, Yingming & Wang, Yudong, 2017. "The effects of oil shocks on export duration of China," Energy, Elsevier, vol. 125(C), pages 55-61.
    17. Liang Cui & Junrui Zhang & Yongyong Su & Siyuan Li, 2023. "A GIS-Based Multidimensional Evaluation Method for Solar Energy Potential in Shanxi Province, China," Energies, MDPI, vol. 16(3), pages 1-18, January.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Ibanez-Lopez, A.S. & Moratilla-Soria, B.Y., 2017. "An assessment of Spain's new alternative energy support framework and its long-term impact on wind power development and system costs through behavioral dynamic simulation," Energy, Elsevier, vol. 138(C), pages 629-646.
    2. Mir-Artigues, Pere & Cerdá, Emilio & del Río, Pablo, 2018. "Analysing the economic impact of the new renewable electricity support scheme on solar PV plants in Spain," Energy Policy, Elsevier, vol. 114(C), pages 323-331.
    3. Sergio Coronas & Jordi de la Hoz & Àlex Alonso & Helena Martín, 2022. "23 Years of Development of the Solar Power Generation Sector in Spain: A Comprehensive Review of the Period 1998–2020 from a Regulatory Perspective," Energies, MDPI, vol. 15(4), pages 1-53, February.
    4. de la Hoz, Jordi & Martín, Helena & Miret, Jaume & Castilla, Miguel & Guzman, Ramon, 2016. "Evaluating the 2014 retroactive regulatory framework applied to the grid connected PV systems in Spain," Applied Energy, Elsevier, vol. 170(C), pages 329-344.
    5. Martín, Helena & de la Hoz, Jordi & Velasco, Guillermo & Castilla, Miguel & García de Vicuña, José Luís, 2015. "Promotion of concentrating solar thermal power (CSP) in Spain: Performance analysis of the period 1998–2013," Renewable and Sustainable Energy Reviews, Elsevier, vol. 50(C), pages 1052-1068.
    6. de la Hoz, Jordi & Martín, Helena & Martins, Blanca & Matas, José & Miret, Jaume, 2013. "Evaluating the impact of the administrative procedure and the landscape policy on grid connected PV systems (GCPVS) on-floor in Spain in the period 2004–2008: To which extent a limiting factor?," Energy Policy, Elsevier, vol. 63(C), pages 147-167.
    7. López Prol, Javier, 2018. "Regulation, profitability and diffusion of photovoltaic grid-connected systems: A comparative analysis of Germany and Spain," Renewable and Sustainable Energy Reviews, Elsevier, vol. 91(C), pages 1170-1181.
    8. de la Hoz, Jordi & Martín, Helena & Ballart, Jordi & Monjo, Lluis, 2014. "Evaluating the approach to reduce the overrun cost of grid connected PV systems for the Spanish electricity sector: Performance analysis of the period 2010–2012," Applied Energy, Elsevier, vol. 121(C), pages 159-173.
    9. Kost, Christoph & Flath, Christoph M. & Möst, Dominik, 2013. "Concentrating solar power plant investment and operation decisions under different price and support mechanisms," Energy Policy, Elsevier, vol. 61(C), pages 238-248.
    10. Monica Castaneda & Sebastian Zapata & Andres Aristizabal, 2018. "Assessing the Effect of Incentive Policies on Residential PV Investments in Colombia," Energies, MDPI, vol. 11(10), pages 1-17, October.
    11. Lomas, J.C. & Muñoz-Cerón, E. & Nofuentes, G. & de la Casa, J., 2018. "Sale of profitable but unaffordable PV plants in Spain: Analysis of a real case," Energy Policy, Elsevier, vol. 117(C), pages 279-294.
    12. San Miguel, G. & Corona, B., 2018. "Economic viability of concentrated solar power under different regulatory frameworks in Spain," Renewable and Sustainable Energy Reviews, Elsevier, vol. 91(C), pages 205-218.
    13. Mir-Artigues, Pere, 2013. "The Spanish regulation of the photovoltaic demand-side generation," Energy Policy, Elsevier, vol. 63(C), pages 664-673.
    14. Colmenar-Santos, Antonio & Campíñez-Romero, Severo & Pérez-Molina, Clara & Mur-Pérez, Francisco, 2015. "Repowering: An actual possibility for wind energy in Spain in a new scenario without feed-in-tariffs," Renewable and Sustainable Energy Reviews, Elsevier, vol. 41(C), pages 319-337.
    15. Raquel Fernández-González & Andrés Suárez-García & Miguel Ángel Álvarez Feijoo & Elena Arce & Montserrat Díez-Mediavilla, 2020. "Spanish Photovoltaic Solar Energy: Institutional Change, Financial Effects, and the Business Sector," Sustainability, MDPI, vol. 12(5), pages 1-18, March.
    16. Antonelli, Marco & Desideri, Umberto, 2014. "The doping effect of Italian feed-in tariffs on the PV market," Energy Policy, Elsevier, vol. 67(C), pages 583-594.
    17. Choi, Gobong & Huh, Sung-Yoon & Heo, Eunnyeong & Lee, Chul-Yong, 2018. "Prices versus quantities: Comparing economic efficiency of feed-in tariff and renewable portfolio standard in promoting renewable electricity generation," Energy Policy, Elsevier, vol. 113(C), pages 239-248.
    18. Pierri, Erika & Binder, Ole & Hemdan, Nasser G.A. & Kurrat, Michael, 2017. "Challenges and opportunities for a European HVDC grid," Renewable and Sustainable Energy Reviews, Elsevier, vol. 70(C), pages 427-456.
    19. Villicaña-Ortiz, Eunice & Gutiérrez-Trashorras, Antonio J. & Paredes-Sánchez, José Pablo & Xiberta-Bernat, Jorge, 2015. "Solar energy potential in the coastal zone of the Gulf of Mexico," Renewable Energy, Elsevier, vol. 81(C), pages 534-542.
    20. De Boeck, L. & Van Asch, S. & De Bruecker, P. & Audenaert, A., 2016. "Comparison of support policies for residential photovoltaic systems in the major EU markets through investment profitability," Renewable Energy, Elsevier, vol. 87(P1), pages 42-53.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:eee:renene:v:86:y:2016:i:c:p:703-715. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Catherine Liu (email available below). General contact details of provider: http://www.journals.elsevier.com/renewable-energy .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.