Spain will invest between €4bn ($5bn) and €5bn ($6.2bn) in the large-scale solar industry, according to Jose Donoso, president of the Union Espanola Fotovoltaica (UNEF). Authorities across the country are currently reviewing photovoltaic proposals with a combined capacity of 1.3 GW, said Donoso, while the market is expected to grow by €1bn-€2bn annually from 2020. However, a lack of grid connection regulation and legal insecurity continue to hamper industry development in Spain.
Spain will invest between €4bn ($5bn) and €5bn ($6.2bn) in the large-scale solar industry, according to Jose Donoso, president of the Union Espanola Fotovoltaica (UNEF). Authorities across the country are currently reviewing photovoltaic proposals with a combined capacity of 24 GW, said Donoso, while the market is expected to grow by €1bn-€2bn annually from 2020. However, a lack of grid connection regulation and legal insecurity continue to hamper industry development in Spain.