-
Brent falls below $75 as Nasdaq drops for 3rd straight day
-
'New rules': life in world epicentre of jihadist terror
-
Korda chases 3rd straight major at Women's PGA Championship
-
Trump clashes with Republicans in testy Capitol visit
-
Zimbabwe Senate approves bill to extend presidential term
-
Scheffler says PGA Tour headed 'in right direction' with two-tier system
-
Pulisic fitness boost as US seek knockout momentum against Turkey
-
Mamdani-backed leftist candidates win New York Democratic primaries
-
Hantavirus outbreak should formally end on July 2: WHO
-
Britain's Draper continues promising start under Andy Murray
-
Hong Kong arrests two for allegedly selling 'seditious' material
-
Laporte wary of Uruguay will to avoid World Cup exit against Spain
-
US promises to protect Gulf states' interests in Iran talks
-
Major Nigeria police reform edges forward with senate approval
-
Trials of two Ebola treatments to start in DRC next week: WHO
-
Trump consolidates rightward shift in Latin America
-
Judge asks why Kennedy Center covering facade after Trump's name removed
-
Olympics to offer all Games competitors $10,000 grants
-
Germany sinks troubled warship project in blow to naval ambitions
-
Left-wing candidate concedes tight Colombia election
-
US health deals cause trouble for Kenya govt
-
Stocks rebound after tech rout, Brent falls below $75
-
Socialism with a twist or crony capitalism? Cuban reforms spark debate
-
Berlin unveils monument to Jehovah's Witnesses murdered by Nazis
-
'Inhumane': Gaza flotilla activists recount Israeli detention ordeal
-
'Fingerprints' of black hole's event horizon detected for first time
-
Spurs sign Dubravka as goalkeeper cover
-
Verstappen seeking home boost with Red Bull upgrades
-
Stocks steady after tech rout, Brent falls below $75
-
'You have to work': Riders brave Rome heat for survival
-
England captain Stokes 'man enough' to apologise for curfew breach
-
France detects first Ebola case outside Africa in current outbreak
-
England captain Stokes 'man enough' to apologise after curfew breach
-
'GTA VI' preorders mark first test for biggest game of 2026
-
German naval ambitions suffer setback as warship order axed
-
Stocks rebound after tech rout, oil prices drop
-
London police to extend use of live facial recognition, drones
-
Australia spy chief warns of Iran terror threat
-
Europe swelters under record-breaking heatwave
-
Heatwave-hit Europe must adapt healthcare: WHO
-
Iran says deal to end Mideast war 'declaration of US defeat'
-
Euclid telescope snaps best photo yet of Milky Way's heart
-
S.Korea chip giant SK hynix seeks $29 bn in Nasdaq listing: regulatory filing
-
French-German tank maker KNDS fires starting gun on mega-IPO
-
'Pragmatists' vs 'hardliners': Is Iran split over US deal?
-
Right-winger Fujimori poised to win Peru president runoff
-
H5 bird flu detected in second Australia state
-
Major power outage in France as Europe wilts under record heat
-
Brazil aim for last 32 as World Cup goes into hectic phase
-
Back in stork: returning birds bring joy to Croatian village
Favourable breezes boost Spain's wind power sector
Buoyed by a surge in investment and new projects, wind power has become Spain's main source of electricity generation just as Europe seeks to curb its energy imports from Russia.
"We are on suitable ground here," said Joaquin Garcia Latorre, project director at Enel Green Power Espana, pointing to gigantic masts erected on the heights of the tiny northeastern village of Villar de los Navarros.
The Spanish-Italian firm picked this spot, which is well exposed to the wind, to set up a 180-megawatt wind farm, one of the country's biggest.
Dubbed Tico Wind, its 43 wind turbines started producing power in November, said Latorre while workers around him tended to the turbines, which are over 100 metres (328 feet) high.
"There are between 2,500 and 3,000 hours of wind here per year," he added.
The wind farm will be able to produce 471 gigawatt hours per year -- enough to meet the demands of 148,000 households -- after it becomes fully operational in a month.
These types of projects have popped up across Spain in recent years, making it Europe's second-biggest wind power producer after Germany for installed capacity and the world's fifth biggest.
Wind power became the main source of electricity production in Spain last year, accounting for 23 percent, ahead of nuclear (21 percent) and gas (17 percent), according to national grid operator REE.
The sector "benefits from a favourable situation" although "brakes" remain on its development, such as a dependency on government auctions, said Francisco Valverde Sanchez, renewables specialist at electricity consultants Menta Energia.
- Investor interest -
Following a boom in the 2000s thanks to generous public financial aid, the sector suffered a sudden halt when subsidies were slashed in 2013 during Spain's economic crisis.
It has since charged ahead. Spain, which has a total of 1,265 wind farms, had an installed wind power capacity of 28.1 gigawatts in 2021, up from 23.4 gigawatts in 2018, according to industry group AEE.
With large swathes of sparsely populated land, a favourable legal framework and cutting edge wind turbine makers, Spain is one of the most "interesting" markets for wind power investors, said AEE director general Juan Virgilio Marquez.
Spain is home to several sector heavyweights such as Iberdrola and Naturgay, making it a top exporter of wind power equipment. "This explains the dynamism of the sector," said Marquez.
Investor interest has even come from outside of the energy sector.
In November Spain's Amancio Ortega, the founder of fast fashion giant Zara and one of the world's richest men, injected 245 million euros ($268 million) in a wind farm in the northeastern region of Aragon.
- Energy 'breadbasket' -
Spain in 2020 pledged to generate 74 percent of its electricity from renewable sources by 2030, up from 47 percent.
To meet this target, Spain is counting on the development of offshore wind power, a sector that is in its infancy.
But since Spain has thousands of kilometres of coastline, offshore wind has lots of room to grow.
"This is an ambitious goal," said Valverde Sanchez, arguing that government bureaucracy around wind farm projects must be reduced for it to be met.
Nearly 600 wind power projects are currently under study by the government, according to AEE.
As part of its plan to respond to the economic fallout from Russia's invasion of Ukraine, Spain has pledged to speed up the approval of wind power projects of less than 75 megawatts.
"Our country had enough natural resources to become Europe's leading producer and exporter of renewable energy," Prime Minister Pedro Sanchez said Wednesday, adding this could be key to help the European Union meet its goal of "energy independence".
Since Russia invaded Ukraine on February 24, Brussels has declared a mission to cut the EU's Russian gas imports by two thirds this year and to end the use of Russian gas by 2027.
Spain "could become the energy 'breadbasket' of Europe," said Virgilio Marquez.
O.Brown--AT