Renewable energies gain weight in GDP and make electricity cheaper

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green energies After gaining weight in Spain’s gross domestic product (GDP) A record year in 2022. Contribution of this sector Reached 19.484 million The euro represents 1.65% of economic activity and More than 130,000 jobsAccording to the ‘Study on the Macroeconomic Impact of Renewable Energies in Spain’ presented by the president and chief executive of the Association of Renewable Energy Companies (APPA), Santiago Gómez Ramos and José María González Moya, respectively. In return, they also contributed reduce megawatt (MW) hours by more than 40 euros, price of electricity.

This year’s edition of the study, produced by Deloitte, confirms “the industry’s good moment and the need to bet on a national industry related to the energy transition.” Last year 6,269 new megawatts (MW) connected to the grid installed, 2,649 MW in more than 240,000 self-consumption facilities and employment of 130,815 workers, “representing record figures for the renewable sector.”

According to the analysis, Catalonia ranked seventh in installed renewable energy in 2022, with 3,702 MW. Castilla y León was in the lead with 12,554 MW, followed by Castilla-La Mancha with 9,865 MW; Andalusia with 9,811; Extremadura with 8,557; Aragon with 8 thousand 221 people and Galicia with 7 thousand 725 people. The Generalitat has been strengthening its message on renewable energies for weeks, following a two-year-old decree aimed at promoting renewable energies through agreements and the region’s participation. The fact that more than 1,600 MW was authorized at that time does not mean that all of them will be realized.

High prices in energy markets triggered savings from avoiding fossil imports, which amounted to 8 billion 613 million euros in 2021, rising to 15 billion 230 million euros in 2022. 55.8 million tonnes of CO2 in the atmosphere meant savings equivalent to 4,510 million euros for the Spanish economy.

less cost

As a result of the greater use of renewable energies, the electricity market price fell by 43.10 euros per MW per hour. The savings in the ‘pool’ where electrical energy is produced were far above the price charged by renewable technologies in particular. In short, “The price consumers will pay if we do not have renewable production” In 2022, the wholesale market payment would be 210.62 Euro/MWh instead of 167.52 €/MWh.

A record number of installations were reached in the photovoltaics segment (7,260 MW, 4,611 in grid-connected photovoltaics and 2,649 in self-consumption), which “determined the trade balance of the renewable sector and resulted in a net import balance of 2,598 million euros.” With the exception of photovoltaics, the rest of the technologies and related services were clearly exporters The authors of the study emphasize that 15,230 million will be saved from fossil imports and 4,510 million will be saved from preventing emissions.

They also recall that renewable energies contribute 16.4% and 42.2% of gross final energy, in addition to the contribution to GDP, savings in the electricity market, fossil imports or emissions and employment created. Reducing electricity consumed in Spain, an important factor for decarbonising our economy and improving national energy dependency.

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