Renewable energy: the driving force of economic recovery

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pappu888
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Renewable energy: the driving force of economic recovery

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Renewable energies continue to grow in Spain according to the Study of the Macroeconomic Impact of Renewable Energies in Spain. What does this growth mean in terms of data for our country? It seems to be a solution to the problems arising from the current situation. Thus, in this post we will discuss renewable energies as a driver for economic recovery by providing real data such as GDP or the number of jobs created.


Renewables breaking barriers


The latest Study of the Macroeconomic Impact of Renewable president email lists Energies in Spain carried out by the Association of Renewable Energy Companies has confirmed the splendid moment that the energy sector is going through in terms of sustainability.

According to the study, renewables contributed a real growth of 15.6% of the GDP in 2019, equivalent to 12.54 billion euros . In addition, the renewable sector generated more than 95,000 jobs and exports rose to 4.273 billion, which generated a positive export balance of 1.186 billion.

On the other hand, thanks to the use of renewable energies in their different uses, 8.702 billion were saved in fossil imports and 1.017 billion in emission rights.

As for the electricity market, 37% of electricity came from renewable sources, for which 5.732 billion euros were received in specific remuneration. In addition, due to the depressing effect of renewable energies, they reduced the market price by 4.365 billion euros.

The Spanish energy market in full swing

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In 2009, 10 years before this study was carried out, the contribution to GDP of wind, hydroelectric and solar photovoltaic energy, by type of technology, together represented 82.9% of the total contribution of the sector in 2009.

Spain was able to advance the energy transition and thanks to this, in technologies such as wind energy, we appear as one of the world's leading countries. However, there is still a long way to go, so it is necessary to lay the foundations for the country's energy future and to be able to provide a prosperous energy and economic future for future generations.

Self-consumption as a solution to energy dependence

In general terms, the promotion of renewable energies favors the disappearance of energy dependence, which represents a great advance in terms of sustainability for our country.
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