Key Market Indicators
Spanish electricity generation is projected to climb to approximately 347 terawatt hours (TWh) by 2028, up from around 303 TWh in 2023. This growth represents an annual compound growth rate (CAGR) of 2%. Since 1990, Spain's electricity supply has consistently increased at a similar rate of 2% per year. In 2023, Spain held the 16th spot globally in electricity generation. The United Kingdom marginally surpassed Spain with a production of roughly 303 TWh. The top three positions in global electricity generation were occupied by the United States, India, and Russia, respectively.
