Spain's renewable potential continues to impress, as shown by the forecasts for wind and photovoltaic energy production in 2022 (Source: REE). Wind energy is expected to reach a record level of 61,000 GWh, representing an increase of 1% compared to the previous year. Expectations for photovoltaic energy production are that it will increase by 33%, reaching almost 28,000 GWh. These results highlight Spain's role as a leader in renewable energy generation.
We have great confidence in these predictive data because Raven has collaborated with REE in the predictions of the production of these types of energies.
These growths are very good news for our country because they have several positive implications:
Renewable energy generation reduces the need for fossil fuels, which in turn reduces greenhouse gas emissions, contributing to the fight against climate change. Unlike fossil fuels, which emit carbon dioxide and other greenhouse gases into the atmosphere, renewable energy generation uses natural resources that do not emit greenhouse gases.
Renewable energy generation allows Spain to diversify its energy matrix, which reduces dependence on imported fossil fuels and, therefore, increases the country's energy security. Spain has historically depended on the importation of fossil fuels to meet its energy needs, which has exposed the country to the risks of price fluctuations and political instability in exporting countries.
Renewable energy generation in Spain has created jobs throughout the country, from equipment manufacturing and facility construction to operation and maintenance. In the equipment manufacturing sector, for example, from raw material extraction to the manufacturing and assembly of components. This has led to the creation of jobs in a wide range of areas, such as engineering, research and development, production, and logistics. In the construction sector, in areas such as planning and design, engineering, construction, and installation. In the operation and maintenance sector, in areas such as the supervision of plant operation, equipment maintenance, production monitoring, and quality assurance.
The renewable energy industry has proven to be a source of economic growth in Spain, attracting investments and generating income for companies and the government. This has enabled Spain to improve its capacity to export renewable energy technology to other countries, creating new business opportunities abroad. The growing renewable energy industry has also generated income for the government, through taxes and license fees. This has allowed investment in new infrastructure and renewable energy programs, which in turn has encouraged research and development of new energy technologies.
In summary, the increase in renewable energy generation, as demonstrated by the forecasts for wind and photovoltaic energy in Spain, is beneficial for the country due to its positive impact on the fight against climate change, energy security, job creation, and economic growth.