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Spanish First Utility-Scale Solar Parks Without Subsidies

i[source]

Spain is probably set to have Europe’s first utility- scale solar parks without subsidies“, according to Jenny Chase, the Zurich-based head of solar energy analysis at Bloomberg New Energy Finance. Main reason: Solar-cell prices came down 67% during the past two years, not in the least due to Chinese overproduction. Spain has been winding down subsidies on solar. Currently there are application for plants with 150 megawatts to 500 megawatts in capacity and all would be larger than any in Europe. Developers: local companies Solaria and Gestamp Renewables, as well as Germany’s Gehrlicher Solar AG, S.A.G. Solarstrom AG and Wuerth Solar GmbH & Co. Installed solar capacity to date: Germany 30 GW, Italy 15 GW, Spain 5 GW and the US 4 GW.

[bloomberg.com]

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