The electricity generation in Spain is set to grow consistently from 2024 to 2028. Beginning with 314.37 TWh in 2024 and projected to reach 347.41 TWh by 2028, this represents steady annual growth. When looking at the year-on-year percentage increase, from 2024 to 2025, the generation increases by 3.2%, from 2025 to 2026 by 2.7%, from 2026 to 2027 by 2.3%, and from 2027 to 2028 by 1.9%. Over the last two years from 2023 to 2024, the electricity generation showed a variation aligning with the general upward trend, though specific figures are not provided. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 indicates an average annual growth rate of around 2.5%.
Future trends to watch for include the impact of renewable energy sources on overall electricity generation, government policies influencing the energy sector, advancements in energy storage technology, and shifts in industrial and residential energy consumption patterns. These factors will play a significant role in shaping the electricity market in Spain over the coming years.