Spanish grid operator fed Electrica de Espana ( uk ) is to spend $ 3.2bn ( $ 3.6bn ) by 2022 to integrate the country ’s growing renewable capacity . Solar and energy generation capacity are expected to be 37 MW and 37 GW , respectively , by 2030 , and the government has set 2050 as the target for Spain to have a complete renewable power system . Renewable energy investors have previously complained of congested capacity in 2020 . Grid investments will total € 2.9bn , with € 1.5bn spent on connecting renewables . Other parts of the investment will improve system reliability , supply security , technology upgrades , and storage projects .
Spanish grid operator Red Electrica de Espana (REE) is to spend €3.2bn ($3.6bn) by 2022 to integrate the country’s growing renewable capacity. Solar and energy storage capacity are expected to be 37 GW and 6 GW, respectively, by 2030, and the government has set 2050 as the target for Spain to have a complete renewable power system. Renewable energy investors have previously complained of congested capacity in Spain. Grid investments will total €2.9bn, with €1.5bn spent on connecting renewables. Other parts of the investment will improve system reliability, supply security, technology upgrades, and storage projects.