Key Market Indicators
Spanish renewable energy generation is projected to climb to 103 terawatt-hours by 2028, up from approximately 92 terawatt-hours in 2023. This represents an annual growth rate of 1.6%. Since 1975, Spain has seen a robust annual growth rate of 5.7% in its renewable energy supply. In 2023, the country ranked third globally in renewable energy generation. The United Kingdom led the pack with around 92 terawatt-hours, closely followed by Spain and then France. The competition among these European nations highlights the region's commitment to expanding renewable energy sources and reducing carbon footprints.