MNI: BANXICO CUTS RATES BY 25BPS TO 10.0% AS EXPECTED

NEW CANADA FINANCE MIN SAYS TRUDEAU HAS CABINET'S FULL SUPPORT

MNI BRIEF: Fed To Expand SRF Around Year-End Market Pressures

MNI CNB WATCH: Rate Held At 4.0%; Inflation Rise 'Temporary'

MNI BRIEF: High Bar For Changing 100BP Guidance-BCB's Galipolo

MNI BRIEF: US Nov Existing Home Sales Jumps 4.8% To 4.15M

MNI: US TSY TICS NET FLOWS IN OCT +$203.6B

EZ/UK Bond Supply Calendar: AS, UK, DE Auction on Jan 7

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

POWER: Renewables to Reach a Share of 56% of Spanish Power Mix in 2024

POWER
CEEMEAEurozoneEnergy BulletsSpainBulletPower BulletsCommodities

Renewable energy will account for 56% of the Spanish electricity generation mix in 2024, 6 percentage points higher on the year, preliminary data from Red Electrica showed.

  • Renewable generation is on track to rise by 11% on the year in 2024, exceeding 149TWh, a new record high.
  • Wind power in Spain is expected to account for 23% of the generation mix, followed by nuclear power with 19%.
  • Solar PV output is estimated to reach a share of 17% of the power mix this year with output at around 45TWh.
  • Hydropower generation is seen to reach a share of 13% this year.
  • Power CO2 emissions are expected to drop to a record low this year with a 16.4% drop on the year.
  • Power demand in Spain is seen to be 1% higher on the year at 248TWh in 2024. Adjusted for working ours and temperatures – demand would have been 1.6% higher on the year. 
152 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Renewable energy will account for 56% of the Spanish electricity generation mix in 2024, 6 percentage points higher on the year, preliminary data from Red Electrica showed.

  • Renewable generation is on track to rise by 11% on the year in 2024, exceeding 149TWh, a new record high.
  • Wind power in Spain is expected to account for 23% of the generation mix, followed by nuclear power with 19%.
  • Solar PV output is estimated to reach a share of 17% of the power mix this year with output at around 45TWh.
  • Hydropower generation is seen to reach a share of 13% this year.
  • Power CO2 emissions are expected to drop to a record low this year with a 16.4% drop on the year.
  • Power demand in Spain is seen to be 1% higher on the year at 248TWh in 2024. Adjusted for working ours and temperatures – demand would have been 1.6% higher on the year.