Spain, which has little domestic oil or gas, has undergone a remarkable transformation in its energy landscape over the past decade. With wind and solar energy now comprising more than 40% of the nation’s electricity supply, the country is quickly becoming a leader in renewable energy. Spain’s abundant sunshine is expected to further boost solar power generation. The government’s claims that affordable renewable energy contributes to strong economic growth are supported by a surge in projects for energy-intensive data centers.
The transition to renewable energy has not only established Spain as a global pioneer in sustainable practices but has also resulted in significantly reduced electricity generation costs. Officials in Prime Minister Pedro Sánchez’s administration highlight these low energy prices as a catalyst for economic development, especially as the demand from high-energy industries increases. With numerous projects lined up, Spain’s energy revolution is poised to keep advancing, establishing the nation as a model for others aiming for a greener future.
https://www.economist.com/europe/2025/10/16/the-high-costs-of-spains-renewables-revolution