The solar industry grew by 150% in Spain last year

The sales volume during 2007 was ten times greater than the one recorded in 2005, when only 250 m euros were invested in the Spanish solar market. The greatest growth was experienced by the solar PV sector, which generated sales of 2.35 billion euros last year, compared with 900 m euros in 2006.

As concerns solar thermal energy, sales reached 120 m euros in 2007, which represents a growth of 26% from the year before.

The Spanish solar industry is not also growing larger, but also is becoming more international. Imports amounted to approximately 60% of the total market value in 2007, and the acquisition of solar equipment in China by Spanish firms grew strongly as well. Notwithstanding, Spanish manufacturers seem to be catching up: according to DBK there are currently around 35 solar manufacturing companies in the country.

DBK estimates that the solar PV market will grow by 40% in 2008, to reach 3.3 billion euros, despite the uncertainty of the legislation (a new royal decree with cuts in the feed-in tariff is expected in the coming months). The solar thermal industry will also see a big growth during 2008, with expected sales of 175 m euros.

For additional information:

www.dbk.es