Finance
Renewable energy produced record 56% of Spain's electricity in 2024
Published by Global Banking & Finance Review®
Posted on December 19, 2024
1 min readLast updated: January 27, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on December 19, 2024
1 min readLast updated: January 27, 2026
In 2024, Spain's renewable energy sources produced 56% of its electricity, with wind and solar leading the charge, according to Red Electrica.
MADRID (Reuters) - Renewable energy sources such as wind and solar accounted for a record 56% of Spain's electricity production in 2024, according to estimates by power grid operator Red Electrica, published on Thursday.
The country has set ambitious targets for renewables as part of its climate and energy plan. By the end of the decade, renewables are expected to generate 81% of the country's electricity.
The 2024 figure represents an increase of six percentage points over last year, which had been the highest so far.
Preliminary figures show that wind was again the main source of total electricity generated in Spain, accounting for roughly 23% of the mix, followed by nuclear power at 19%.
After a strong growth, solar photovoltaic occupied third place, surpassing gas plants.
(Reporting by Pietro Lombardi, editing by Inti Landauro)
The article discusses Spain's renewable energy production reaching 56% of its electricity in 2024.
Spain aims for renewables to generate 81% of its electricity by the end of the decade.
Wind energy was the main source, contributing 23% to Spain's electricity mix.
Explore more articles in the Finance category
