Spain looks to boost solar capacity, speed coal phaseout in new energy plan

Spain looks to boost solar capacity, speed coal phaseout in new energy plan

first_img FacebookTwitterLinkedInEmailPrint分享Montel:Spain’s new government has revised a climate and energy plan for 2021-2030, increasing the solar capacity target by 2.3 GW to 39.2 GW, deepening a cut in carbon emissions and speeding up a coal phaseout.The Iberian nation now plans to cut its emissions 23% below 1990 levels by 2030, up from the previous government’s target of 21%.By the end of the decade, Spain’s combined wind and solar capacity should reach 96.8 GW, accounting for nearly two-thirds of the country’s estimated installed capacity of 160.8 MW.The country also envisaged a faster exit from coal-fired generation, with just 2.2 GW of capacity remaining in 2025, compared to 4.5 GW in the previous estimate, the plan said.“According to the plan’s forecasts, coal-fired power plants will cease to be competitive by 2030 given the expected increase in CO2 prices in the European emissions trading system [to] EUR 35/t, the continuous cost reduction in renewable technologies and the relative price of gas,” it said.Nine out of the existing 15 coal-fired units in Spain could “possibly not be in operation” by 2021 if utilities decided to avoid the investment required to comply with tougher EU rules, the document said.[Pablo Bronte]More: Spain raises 2030 solar capacity goal, speeds up coal exit Spain looks to boost solar capacity, speed coal phaseout in new energy planlast_img

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