EUPD Research recently published the results of the 14th edition of the Global PV InstallerMonitor 2021/2022© for the Spanish market. The survey sheds light on the rooftop photovoltaic (PV) segment in Spain, and provides exclusive insights from the perspective of the PV installers.
In recent years, the PV market in Spain has grown steadily, with the utility segment accounting for the largest share of the installations. Last year, the Spanish government approved a new climate law to boost renewable energies, and increase the country’s energy storage capacity. Currently, the main challenges for the installers are the high prices and the low profit margins.
In 2021, Spain added around 3.3 GW of new PV capacity, reaching a cumulative installed capacity of 15.2 GW.
As part of the climate law passed in May 2021, Spain introduced new incentives to promote the expansion of the country’s energy storage capacity. The government aims to increase the national storage capacity to 20 GW in 2030 and 30 GW in 2050.
The Global PV InstallerMonitor 2021/2022© by EUPD Research targets installers in selected core PV markets. This year, 100 Spanish installation companies participated in the survey. The report provides exclusive insights on the latest developments of the rooftop PV segment in Spain. One section of the report is dedicated to storage solutions.
The latest results show that 64 % of the surveyed installers in Spain offer storage solutions to their customers, compared to 69 % in 2020. 23 % of the installers claim that they are planning to include storage solutions in their portfolio by the end of 2022.
In 2019, installers cited a lack of expertise and high training needs as the main reasons for not offering storage solutions. Now, the main reasons for not offering storage systems are the high prices and the low profit margins, while lack of expertise and training no longer seems to be a significant issue.
Graph: 64 % of the installers surveyed in 2021 offer PV storage solutions.
It is a common theme that installers complain about the high prices. In the recent years, the cost of a storage system and the lack of incentives were the main challenges to the deployment of storage systems in Spain. The planned expansion of renewable energies, especially wind power and photovoltaics, will lead to a higher demand for energy storage systems. As the new storage strategy includes small-scale as well as large-scale storage systems, the investment grants are expected to boost the installations across all segments and create new opportunities for the Spanish storage market.
Another market for which batteries are relevant is electric mobility. According to the survey results, 35 % of the Spanish installers offer electric mobility solutions in addition to photovoltaics; a further 26 % of those, who currently do not offer electric mobility solutions, want to implement them by the end of 2022. As Spain plans to phase out internal combustion engine vehicles by 2040, the market for electric mobility is expected to grow and further increase the demand for storage systems.
The results of the latest Spanish edition of the Global PV InstallerMonitor 2021/2022© were presented by Saif Islam, Senior Consultant at EUPD Research, during the “Market Briefing Mediterranean” at Solar & Storage DigiCon. The presentation can be revisited here.
About the Global PV InstallerMonitor 2021/2022©
The 14th edition of the study conducted by EUPD Research deals with the topics of brand management, market penetration, procurement and satisfaction with respect to modules, inverters, wholesalers and storage systems. EUPD Research surveyed a total of more than 1,500 PV installers in Australia, Austria & Switzerland, Belgium, France, Germany, Italy, the Netherlands, Poland and Spain, as well as in Brazil, South Africa and the United States (California). Many evaluations are displayed on a brand level. Further information about the study can be viewed here or watch the video.
If you have any questions, please contact Saif Islam, Senior Consultant at EUPD Research, under + 49 228 97143-20 and s.islam(at)eupd-research.com.
| Department of Mineral Resources and Energy South Africa (2019): Integrated Resource Plan (IRP2019)