The forecasted data for solar thermal gross electricity production in Spain indicates a steady growth from 533.58 thousand tonnes of oil equivalent (2024) to 570.23 thousand tonnes (2028). This translates to a constant year-on-year increase of approximately 2.32% to 1.12% over the five-year forecast period.

In 2023, the value stood at 520.00 thousand tonnes of oil equivalent. Analyzing the past two years, the year-on-year growth rate was 2.6% from 2023 to 2024, and the expected average Compound Annual Growth Rate (CAGR) for the five-year period is forecasted to be around 1.75%.

Future trends to watch for:

Technological advancements in solar thermal technology that could enhance efficiency.
Government policies and incentives promoting renewable energy.
Market demand and potential economic variables affecting investment in renewable energy sources.