This renewable energy It forms one of the economic sectors called to transform the Spanish economy. The potential of Spain’s natural resources has made the country the focus of attention of investors. Manuel Martín Espada explains, “It has the largest solar resource in Europe and wind power investments over the last decade. This needs to be supported by green hydrogen production, which Spain should lead in continental and biogas production.” Partner in charge of Markets at PwC Spain. It’s an idea he shared with Domingo Mirón, head of Accenture in Spain, who pointed out that renewable energy infrastructures, especially those related to green hydrogen, will facilitate the repositioning of Spanish industry. “We have clear competitive advantages to attract the industry in this space in the coming years,” says Tressis CEO José Miguel Maté.
In addition, the conflict in Ukraine has accelerated the transition to more environmentally friendly energies. “The price of the solar watt is reaching limits that were considered impossible until recently, and it is expected to surpass coal as an energy source by 2027. The crisis has triggered a shift to renewable energy sources,” says Xavier Ferràs, professor at Esade. “We will be a country that produces and exports green energy, one of the most important elements of which is hydrogen. We will be able to achieve significant reductions in greenhouse gases“, says Reyes Maroto, Minister of Industry, Trade and Tourism.
great opportunity
For First Vice President of Government Nadia Kalvino, Spain has a great opportunity. “Developing green energies will allow to promote self-consumption and provide the industry with access to renewable hydrogen at competitive prices. Decarbonization will mean achieving strategic autonomy,” he states. calvino He thinks green hydrogen and digitalization will be key to reindustrialization 5.0 in Spain. “Renewable hydrogen and biomethane will allow us to reduce energy dependence and secure a key position in the development of clean energy,” says Marisa Estévez of telecommunications consultancy BT.
“Spain has the necessary potential to become a world leader in sustainable energy” [ya sea solar, eólica o hidráulica]. In addition to strategic autonomy, we can also be exporters,” ESIC business school head Eduardo Gómez Martín develops. “Renewable energy is a leading sector in which companies develop great know-how and significant investments”says Gerardo Cuerva, president of Cepyme.
sustainable change
According to Juanjo Cano, head of KPMG in Spain, the country has already become the international benchmark in renewable businesses, and others linked to sustainable transformation should be added over the next decade, including: banking, infrastructure, energy and sustainable mobility.
Borja Foncillas, head of Analistas Financieros Internacionales (AFI), agrees with this assessment and considers that the development and implementation of green hydrogen represents a great opportunity for Spain, thanks to the know-how of Spanish companies and the determined support of the Government. “The production and distribution of green hydrogen is the future of Spain, as its geographical location is ideal for access to wind and solar. EU believes hydrogen is leverage to decarbonize economy“, says David Samu, partner in charge of EY-Parthenon.
Related news
“Spanish companies manage important water projects abroad. Also, Spain has long been committed to promoting renewable energies.“, says Santiago Carbó, a professor of Economics at the University of Valencia. Ramón Galcerán, president of Grant Thorton, also cites Spain’s geostrategic position as one of the keys to making the country a benchmark for renewable resources. exporter. We are in a moment of transformation and we have some elements to promote the renewable sector, such as the sustainable mobility sector, which is one of the most dynamic sectors in Europe.”
One of the keys to Spain’s ability to take advantage of its renewable energy potential is European funds. “You have to take advantage of the development of the wind farms you already have”Joaquín Maudos, Director of the Valencian Institute for Economic Research (IVIE).