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Spain: Market Shrinks Again in 2016, Outlook Slightly Better for 2017

Submitted by Baerbel Epp on March 13, 2017
Spain’s solar thermal market experienced a year-on-year drop of 12 % in 2016 and ended up at 212,190 m2 (149 MWth) of newly installed collector area. As in 2015, the main reasons for the contraction were the lack of finished newbuilds and the end of regional incentives, such as the ones in the Spanish region of Andalusia. However, the construction industry is slowly starting to recover and new government incentives may boost the market this year. Additionally, local manufacturers have expanded their export business. All in all, the country’s solar thermal industry generated a turnover of EUR 170 million in 2016 and employed 4,250 people. These and other results can be found in the annual report published by the Spanish solar thermal association ASIT last week (see the attached PDF).
Chart: ASIT 
 

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