The data presents a complex but generally upward trend in solar thermal electricity production in Spain. In the last two years (2022 to 2023), there was a year-on-year growth of 5.41%, and a CAGR of 3.71%. Projected data indicates steady growth, with a 5-year forecasted CAGR of 1.4%, resulting in a forecasted total growth of 7.19% from 2023 to 2028.
Future Trends to Watch: Spain should focus on technology improvements, policy support, and grid integration to ensure continued growth. Emerging technologies such as thermal energy storage, advancements in solar collectors, and hybrid systems could further boost production efficiency and capacity.