Solar Energy in Spain Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers the Spanish Solar Energy Market Size and Share. The Market is Segmented by Type (Solar Photovoltaic (PV) and Concentrated Solar Power (CSP)) and Deployment Type (Rooftop and Ground Mounted). The Report Offers the Market Size and Forecasts in Installed Capacity (GW) for all the Above Segments.

Solar Energy in Spain Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Spain Solar Energy Market Size

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Spain Solar Energy Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Volume (2025) 39.99 gigawatt
Market Volume (2030) 83.86 gigawatt
CAGR 15.96 %
Market Concentration Medium

Major Players

Spain Solar Energy Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Spain Solar Energy Market Analysis

The Spain Solar Energy Market size in terms of installed base is expected to grow from 39.99 gigawatt in 2025 to 83.86 gigawatt by 2030, at a CAGR of 15.96% during the forecast period (2025-2030).

Spain's solar energy sector has demonstrated remarkable growth, with solar PV capacity reaching 25,126 MW in 2023, representing a substantial 23.22% increase from the previous year. The country's geographical advantage plays a crucial role, as it receives exceptional solar radiation levels ranging from 1,600 kW/m2 to 1,950 kW/m2, establishing Spain as Europe's leader in photovoltaic energy potential. The Mediterranean climate and extensive flatlands provide ideal conditions for solar power generation, with regions like Aragon recording the highest solar radiation levels. This natural advantage has attracted significant international investment and technological innovation in the sector, positioning Spain as a key player in Europe's renewable energy transition.


The market has witnessed significant technological advancement and infrastructure development throughout 2023. In October 2023, a milestone was achieved with the commissioning of Europe's largest concentrated solar power plant, a 30 MW facility in Seville, developed through collaboration between Heineken España and Engie España. The project, representing an investment of USD 21.9 million, demonstrates the increasing sophistication of Spain's solar infrastructure. Additionally, the successful launch of MET Group's 50 MW Puerto Real 3 solar project in December 2023, featuring over 88,000 solar panels across 130 hectares in Andalusia, showcases the scale and efficiency of modern solar installations.


The self-consumption segment has emerged as a particularly dynamic sector within Spain's solar market. By the end of 2022, over 298,000 residences and 54,000 commercial installations were actively generating solar power, collectively producing 4,564 GWh of energy. This output represented approximately 1.8% of national electricity demand, highlighting the growing importance of distributed solar generation. The sector's growth is further evidenced by the installation of around 2,507 MW of new PV systems under the self-consumption regime in 2022, demonstrating a robust adoption of solar technology across residential and commercial sectors.


Recent corporate activities and investments have significantly shaped the market landscape. In February 2024, TotalEnergies expanded its presence by acquiring the 59 MW Dehesa Nueva del Rey solar project in Toledo province, which will feature over 95,000 solar panels capable of powering 33,000 homes annually. The European Commission's approval of the Spanish Recovery Plan in October 2023 has mobilized substantial funding, with provisions to deploy EUR 163 billion by 2026, representing more than 12% of Spain's GDP. This financial framework, combined with the allocation of significant resources for renewable energy development, positions the solar sector for sustained growth and technological advancement.

Segment Analysis: Type

Solar Photovoltaic Segment in Spain Solar Energy Market

The solar photovoltaic (PV) segment dominates the Spain Solar Energy market, accounting for approximately 93% of the total installed capacity in 2024, with an installed capacity of 32.16 GW. This segment's prominence is driven by Spain's exceptional solar resources, particularly in regions with high solar radiation, making it an ideal location for solar photovoltaic installations. The country's commitment to renewable energy targets and supportive government policies, including the removal of the controversial 'sun tax', have significantly contributed to the segment's growth. In June 2023, Spain's Ministry for the Ecological Transition and Demographic Challenge (MITECO) published a revised draft of the National Integrated Energy and Climate Plan (PNIEC) with an ambitious target of achieving 76 GW of solar photovoltaic installed capacity by 2030, including 19 GW for self-consumption. The segment is experiencing robust growth and is projected to maintain its market leadership position through 2029, with a growth rate of approximately 17% during the forecast period 2024-2029, driven by increasing investments, technological advancements, and declining installation costs.

Market Analysis of Spain Solar Energy Market: Chart for Type

Concentrated Solar Power Segment in Spain Solar Energy Market

The concentrated solar power (CSP) segment represents a smaller but significant portion of Spain's solar energy market, leveraging the country's abundant solar resources and technological expertise. As a legacy of Spain's earlier development of solar power, the country remains a world leader in concentrated solar power technology, with many large concentrated solar power stations remaining active. The segment has witnessed notable developments, such as the October 2023 commissioning of Europe's largest concentrated solar power plant by Heineken España and Engie España in Seville, with a capacity of 30 MW. The Spanish government's commitment to CSP technology is evident in its revised National Integrated Energy and Climate Plan (PNIEC), which aims to install 4.8 GW of concentrated solar power by 2030. Despite facing challenges related to high initial capital investments and maintenance costs, the segment continues to attract investments and technological innovations, particularly in regions with optimal solar conditions.

Segment Analysis: Deployment Type

Ground-mounted Segment in Spain Solar Energy Market

The ground-mounted segment has emerged as the dominant force in Spain's solar energy market, commanding approximately 72% of the total market share in 2024, with an installed capacity of 23.10 GW. This segment's prominence can be attributed to Spain's abundant solar resources and geographical advantages, particularly in regions with high solar radiation. The country has witnessed significant development in utility-scale ground-mounted solar projects, with developers actively investing in large-scale installations capable of supplying electricity to the grid. The segment's growth is further supported by various government initiatives and policies promoting renewable energy adoption. Additionally, the ground-mounted segment is experiencing robust growth and is projected to expand at a rate of nearly 19% from 2024 to 2029, driven by increasing investments in utility-scale projects and the country's commitment to achieving its renewable energy targets.

Rooftop Segment in Spain Solar Energy Market

The rooftop solar segment represents a crucial component of Spain's solar energy landscape, focusing on residential, commercial, and industrial installations. This segment has gained significant traction due to Spain's supportive regulatory framework and incentives for self-consumption installations. The market has benefited from the elimination of the controversial 'sun tax' and the implementation of favorable policies for distributed generation. According to industry data, residential solar installations have shown remarkable growth, with thousands of new rooftop solar systems being installed annually. The segment has also witnessed increased adoption in the commercial solar sector, where companies are leveraging rooftop solar installations to reduce their operational costs and enhance their sustainability credentials. The European Solar Rooftops Initiative, part of the REPowerEU package, has further strengthened the segment's growth prospects by mandating solar installations on new buildings and promoting self-consumption.

Spain Solar Energy Industry Overview

Top Companies in Spain Solar Energy Market

The Spanish solar energy market features prominent players, including Iberdrola SA, Acciona SA, Repsol SA, Endesa SA, and Solaria Energia, alongside global manufacturers like JinkoSolar and Canadian Solar. These companies are driving innovation through advanced solar cell technologies, particularly in perovskite-based PV cells and high-efficiency modules. Operational excellence is being achieved through integrated supply chains and strategic partnerships across the value chain. Companies are making significant moves in expanding their renewable portfolios through both greenfield projects and acquisitions, particularly in regions like Castilla-La Mancha and Andalusia. The market is witnessing an increased focus on technological advancement in manufacturing processes, with companies investing in research and development to improve solar module efficiency and reduce production costs.

Dynamic Market with Strong Local Leadership

The Spanish solar energy market demonstrates a balanced mix of established domestic utilities and international renewable energy specialists. Local conglomerates like Iberdrola and Repsol leverage their extensive infrastructure and market knowledge, while global players bring technological expertise and manufacturing capabilities. The market shows moderate consolidation, with larger utilities maintaining significant market share while leaving room for specialized solar developers and technology providers. Recent years have seen increased merger and acquisition activity, particularly in solar project development and operation segments, as companies seek to strengthen their positions in the growing market.


The competitive landscape is characterized by strategic partnerships between local developers and international technology providers, creating a robust ecosystem for solar energy development. Companies are increasingly focusing on vertical integration, from component manufacturing to project development and operation. The market has witnessed several joint ventures and collaborations, particularly in areas of technological innovation and project financing. Local players are leveraging their understanding of regional regulations and market dynamics, while international companies contribute advanced technologies and global best practices.

Innovation and Integration Drive Future Success

Success in the Spanish solar energy market increasingly depends on technological innovation, operational efficiency, and strategic partnerships. Companies that can integrate advanced solar technology while maintaining cost competitiveness will likely gain market share. The ability to develop and operate large-scale projects efficiently, while also catering to the growing distributed generation segment, will be crucial. Market players need to focus on building strong relationships with key stakeholders, including government agencies, local communities, and industrial consumers, while maintaining flexibility to adapt to evolving regulatory frameworks.


Future market leaders will need to demonstrate excellence in project execution while maintaining strong financial capabilities. Companies must develop robust strategies for managing supply chain challenges and optimizing operational costs. The market shows relatively low substitution risk due to Spain's strong commitment to solar energy, but success will depend on companies' ability to navigate regulatory changes and grid integration challenges. Players who can offer innovative financing solutions and maintain strong environmental, social, and governance (ESG) credentials while delivering reliable and efficient solar technology solutions will be better positioned to capture market opportunities.

Spain Solar Energy Market Leaders

  1. The Red Eléctrica Group

  2. COBRA Group 

  3. Solaria Energia y Medio Ambiente SA

  4. Acciona S.A.

  5. Iberdrola S.A.

  6. *Disclaimer: Major Players sorted in no particular order
Spain Solar Energy Market Concentration
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Spain Solar Energy Market News

  • February 2024: TotalEnergies SE concluded a deal with Synergia to acquire the 59 MW Dehesa Nueva del Rey solar PV project in Toledo province. Located in the town of Sesena, the project consists of over 95,000 solar PV panels and will be capable of meeting the energy demand of over 33,000 homes annually.
  • December 2023: MET Group announced that the company’s first solar projects in Spain have started commercial operations. The Puerto Real 3 project, located in the Andalusia region, covers 130 hectares and includes over 88,000 solar panels. Its installed capacity is 50 MW.

Spain Solar Energy Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Scope of the Study
  • 1.2 Market Definition
  • 1.3 Study Assumptions

2. EXECUTIVE SUMMARY

3. RESEARCH METHODOLOGY

4. MARKET OVERVIEW

  • 4.1 Introduction
  • 4.2 Solar Energy Installed Capacity and Forecast, in GW, till 2029
  • 4.3 Renewable Energy Mix, 2023
  • 4.4 Recent Trends and Developments
  • 4.5 Government Policies and Regulations
  • 4.6 Market Dynamics
    • 4.6.1 Market Drivers
    • 4.6.1.1 Declining Cost of Solar PV Installations
    • 4.6.1.2 Supportive Government Policies for Renewable Energy
    • 4.6.2 Market Restraints
    • 4.6.2.1 Penetration of Other Energy Sources
  • 4.7 Supply Chain Analysis
  • 4.8 PESTLE Analysis

5. MARKET SEGMENTATION

  • 5.1 By Type
    • 5.1.1 Solar Photovoltaic (PV)
    • 5.1.2 Concentrated Solar Power (CSP)
  • 5.2 By Deployment Type
    • 5.2.1 Rooftop
    • 5.2.2 Ground-mounted

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Strategies Adopted by Leading Players
  • 6.3 Company Profiles
    • 6.3.1 Acciona SA
    • 6.3.2 COBRA Group
    • 6.3.3 Iberdrola SA
    • 6.3.4 Solaria Energia y Medio Ambiente SA
    • 6.3.5 JinkoSolar Holding Co. Ltd
    • 6.3.6 The Red Electrica Group
    • 6.3.7 Repsol SA
    • 6.3.8 Engie SA
    • 6.3.9 Soltec Energias Renovables SL
    • 6.3.10 Gransolar Group
  • *List Not Exhaustive
  • 6.4 Market Ranking Analysis

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Supportive Government Policies
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Spain Solar Energy Industry Segmentation

Solar energy uses the sun's rays and heat to generate electricity, thermal energy (including solar water heating), and solar architecture.

The Spanish solar energy market is segmented by type and deployment type. By type, it is divided into solar photovoltaic (PV) and concentrated solar power (CSP). By deployment type, it is divided into rooftop and ground-mounted. The report also covers the market size and forecasts for Spain's solar energy market. For each segment, the market sizing and forecasts are done based on installed capacity (GW).

By Type Solar Photovoltaic (PV)
Concentrated Solar Power (CSP)
By Deployment Type Rooftop
Ground-mounted
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Spain Solar Energy Market Research FAQs

How big is the Spain Solar Energy Market?

The Spain Solar Energy Market size is expected to reach 39.99 gigawatt in 2025 and grow at a CAGR of 15.96% to reach 83.86 gigawatt by 2030.

What is the current Spain Solar Energy Market size?

In 2025, the Spain Solar Energy Market size is expected to reach 39.99 gigawatt.

Who are the key players in Spain Solar Energy Market?

The Red Eléctrica Group, COBRA Group, Solaria Energia y Medio Ambiente SA, Acciona S.A. and Iberdrola S.A. are the major companies operating in the Spain Solar Energy Market.

What years does this Spain Solar Energy Market cover, and what was the market size in 2024?

In 2024, the Spain Solar Energy Market size was estimated at 33.61 gigawatt. The report covers the Spain Solar Energy Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Spain Solar Energy Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Spain Solar Energy Market Research

Mordor Intelligence provides a comprehensive analysis of the Spain solar energy market, utilizing our extensive expertise in renewable energy research. Our detailed report examines the entire ecosystem, from solar panel manufacturing to solar installation services. It covers crucial technologies, including PV systems, photovoltaic cells, and solar thermal solutions. The analysis includes various market segments, such as rooftop solar, solar farm developments, and both commercial solar and residential solar applications. It also examines essential components like solar inverter technology, solar cell innovations, and solar tracker systems.

Stakeholders gain valuable insights into solar power industry dynamics through our downloadable report PDF. It details solar technology advancements, solar module manufacturing, and solar equipment trends. The comprehensive analysis covers solar generation capacity and solar storage solutions, including solar battery technologies, as well as solar project developments across Spain. Our research examines concentrated solar power installations, solar PV system implementations, and solar mounting system specifications. It provides a detailed evaluation of solar electricity production and distribution. The report offers strategic insights into solar component manufacturing, enabling stakeholders to make informed decisions in Spain's evolving solar energy landscape.

Solar Energy Market in Spain Report Snapshots