Spain Renewables Q1 2019
Positive developments in the second half of 2018, such as the announcement of high renewables targets for 2030,inform our upbeat outlook on the Spanish renewables sector over our 10-year forecast period to 2027. Limiting factors togrowth will be the restriction of investor’s internal rate of returns and the relatively subdued rate of growth in electricity demandover the next decade. We forecast total renewables capacity to reach 45.4GW by 2027, a 36% increase from 2018 levels.
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