This is in great part due to the big investments made by Spanish energy companies and the government's early adoption of favorable tariff incentives that provide a guarantee to producers that all their energy will be purchased. "Spain has created a cluster of knowledge in clean energy that sets it apart from most other countries," said Miguel Salis, a private equity manager. "This has enabled Spanish groups to invest successfully in other markets where there is huge potential for growth." Firms like Gamesa, a manufacturer and installer of wind turbines, Iberdrola, a power group, and Acciona Energia, a wind park developer, have all become world-beating businesses (in some cases, world leaders) with some of the largest global market shares in their respective industries by making crucial, early investments in their core technologies.
Spain's environment and climate are also widely credited for its huge gains in renewable energy. As Europe's second most mountainous region (after Switzerland) and one of its least densely-populated states, Spain was the ideal location to mass-produce and install wind turbines and photovoltaic panels without causing too much public outcry. It all just comes to show what can be accomplished with the right government policies and a business climate willing to embrace change and risk.
Image courtesy of Technology Review
Via ::Renewable energy: Revolutions turn nation into green leader (newspaper)