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Pedro Sánchez throws the yews to Elon Musk to invest in solar energy in Spain

Elon Musk wanted to express through Twitter his opinion on the energy potential of Spain. The executive has published through his profile on the social network that "Spain should make a massive deployment of solar energy. It could supply energy to all of Europe."

It has done so in response to information that included the intention announced yesterday by the Government of Spain to invest 11,000 million euros in the development of microchips and semiconductors. For the first time the CEO of Tesla pronounces on Spain in energy matters, something to which Musk himself is dedicated.

Pedro Sánchez throws the yews to Elon Musk to invest in solar energy in Spain

The Government announces a Perte of 11,000 million euros for microchips 

Major projects around the world

Tesla CEO is a big investor in renewables

Spanish Prime Minister Pedro Sánchez has not been slow to respond to the proposal of the CEO of Tesla: "We are already implementing the most ambitious plan towards an efficient and sustainable energy system. All sectors on board. Maximizing opportunities, digitalization and the value chain for lasting success. Now is the time. Let's get it right. Come and see it. We welcome investors in Spain."

Shortly before, Pedro Duque, former Minister of Science and Innovation, had already hinted at Musk in similar terms. "We welcome investments in Spain to boost our already large renewable energy production. Our entire legal framework is prepared for this. Do you know any investors?"

It should be remembered that Musk invests large amounts of money in energy storage, and his company Tesla is also dedicated to the development of batteries for energy self-consumption. The question of supplying the rest of European countries with solar energy is complicated by the low level of interconnection in Spain.

Currently in Spain there are around 18 GW (gigawatt) of solar energy installed and as set in the objectives, by 2030 the idea is that they amount to 46 GW. This means that by 2030 about 3,000 MW (megawatt) would have to be installed each year, something quite difficult to achieve.

Supplying the rest of Europe is complicated by the low level of interconnection in Spain

Photovoltaic panels on the roof of a building

Photovoltaic panels installed on the roof of a building

C.

Renewable energies are unevenly distributed in Spain. Throughout 2018 more than 37% of our electricity was renewable, with the electricity sector being a benchmark in the integration of renewables into its electricity systems. Almost half of the electricity – specifically 46.6% – consumed in Spain throughout 2021 was renewable, that is, produced by the sun, wind, water and biomass.

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