The Renewable Energy Market in the EU and Spain

The renewable energy sources are on high agenda in Europe. In 2009, the EU member states established a binding Renewable Energy Directive that established targets for the share of renewable energy in energy consumption for all EU member states. Those targets were 20% for 2020 and at least 27% for 20130. The Directive set individual targets for all member states, which had to be accomplished by 2020.

In 2016, eleven member states accomplished their set targets four years before schedule. Therefore, in the new renewable directive adopted in 2018 the 2030 target was raised from 27% to 32%. At this rate of the industry growth, the investments in European renewables will provide a good profit yield in the coming decade.

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