News
Renewable Energy's Share in Spanish Industry Reaches 29%
In 2023, 29% of the energy consumed by Spanish industry was from renewable sources, a 4% increase from 2022. Despite a 1.5% decrease in total energy consumption, reaching a historic low of 18.5 Mtep, renewable energy played a significant role in heat and electricity generation. The decline in natural gas and petroleum consumption also contributed to this increase. Industry experts highlight the need for further electrification and adoption of renewable gases to replace fossil fuels and nuclear energy.
ARTECOIN Implements Advanced Solar Thermal Air Conditioning System in La Zarza: Innovation in Renewable Energy Generation
ARTECOIN pioneers solar thermal air conditioning with high-temperature parabolic collectors and absorption machines in La Zarza, optimizing renewable energy for heating, cooling, and hot water, promoting energy efficiency and self-sufficiency in rural communities.
EIB and Iberdrola Sign Green Loan for New Sicilian Solar Plant
The European Investment Bank (EIB) and Iberdrola, with SACE's Archimede guarantee, have signed a €100 million green loan to build a new photovoltaic plant in Sicily. This investment aims to boost renewable energy production in Italy and meet the EU's climate goals. The plant, located in Enna and Catania, will have a capacity of 242.78 MWp, enough to power 154,000 Italian homes annually. The EIB's financing is 70% covered by SACE's Archimede guarantee. This project marks the beginning of a collaboration between EIB, SACE, and Iberdrola to replicate such transactions in the future.
Nascar Project Advances Towards 'Ready to Build' and Leads Green Methanol Transition
The Nascar project by Innde Cetaer aims to be Spain's first e-methanol producer from green hydrogen by Q4 2027. It will produce 38,000 tons of green methanol annually, creating jobs and promoting sustainable development in Almería.
New Capacity Market: Key to Battery Deployment in Spain
Spain's new capacity market aims to secure electricity supply and promote battery technology. It offers stable revenue for energy storage projects, crucial for transitioning to a more renewable system. The market is essential for attracting investment and integrating batteries into the electrical system.