The Rise of Renewable Energies in Spain and Portugal - A Model for the Future Spain and Portugal have become leading examples of the renewable energy transition in Europe, with both countries leveraging their natural resources to generate clean energy. Over the past decade, both nations have made remarkable strides in wind, solar, and other renewable sources, positioning themselves as models for sustainable energy. 💡 Key Drivers of Success in Spain and Portugal 💡 Abundant Natural Resources Spain and Portugal benefit from strong winds along their coastlines and abundant sunshine, making them ideal for wind and solar energy production. Government Policies Both countries have committed to ambitious renewable energy goals. Spain aims for 74% of its electricity to come from renewables by 2030, while Portugal is on track to exceed its 2020 renewable energy target, producing over 60% of its electricity from renewables. Technological Innovation Spanish companies like Iberdrola and ACCIONA Energy, along with Portuguese firms like EDP Renewables, are at the forefront of renewable energy innovation, driving progress both locally and internationally. EU Support Both countries have benefited from European Union funding initiatives like the European Green Deal, which has helped finance large-scale renewable projects and infrastructure upgrades. Economic Impact The renewable energy sector has created thousands of jobs and attracted significant investments in both Spain and Portugal. These industries have also sparked innovation in related sectors, such as electric vehicles, energy storage, and smart grids. Challenges and Opportunities While both Spain and Portugal face challenges related to energy storage and grid integration, they are investing in solutions such as battery storage and smart grid technologies to ensure reliable power. Furthermore, as both countries work to make renewable energy more accessible and affordable, they remain committed to expanding their green energy capacity. Spain and Portugal’s success in renewable energy not only enhances their energy security but also boosts their economies, creates jobs, and reduces carbon emissions. Their experience offers valuable lessons for other nations striving for a sustainable energy future. How can Spain and Portugal’s renewable energy achievements inspire other countries to accelerate their own transition to cleaner, more sustainable energy sources? #RenewableEnergy #SpainRenewables #PortugalRenewables #EnergyTransition #WindEnergy #SolarEnergy #RenewableFuture #EUClimateGoals #RenewableRevolution #NetZero #SolarPower #WindPower https://lnkd.in/e2AtHvEt
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A compelling new McKinsey & Company report explores how Spain and Portugal, with their natural endowments and mature industrial infrastructure, are uniquely positioned to lead the energy transition. It highlights the potential for the region to capitalize on cost-effective renewable energy production and green growth opportunities, turning challenges into an unprecedented chance to become key players in Europe's energy landscape. Read more about Iberia’s opportunity to reshape its industrial future and contribute to global #sustainability goals here: https://lnkd.in/g3fQ2utA by André Anacleto, Jose Pimenta da Gama, Maria Joao Ribeirinho, David González, Denitsa Georgieva, and Xavier Riba
The Iberian green industrial opportunity: Seizing the moment
mckinsey.com
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🌍💡 Competitiveness and Energy: The European Union's Challenge We just published an article on Euractiv discussing whether the European Union can achieve competitiveness through energy. The article delves into the challenges and opportunities of the energy transition, highlighting the importance of innovative policies and sustainable investments. 🔋 Key Points: • The need for an integrated and competitive energy market. • The importance of renewable energy and emerging technologies. • The crucial role of supportive policies and investments. It's clear that for the EU, the path to competitiveness lies in a strong commitment to a sustainable energy future. 🌱⚡ Andrea Villa Michele Bologna Giulia Genuardi Mirko Armiento #Energy #Sustainability #Competitiveness #EU #Innovation ⭣Read the full article ⭣
Can the European Union achieve competitiveness through energy? - Euractiv
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Spain and Portugal are turning up the renewables dial by being unprecedented opportunities to lead the energy transition in Europe. These Iberian powerhouses are stepping into the spotlight as potential leaders in the EU's green energy revolution. With abundant natural resources and strategic positioning, they're primed to play a critical role in Europe's journey toward energy independence and sustainability. The future of Europe's energy might just be a little sunnier (and windier) thanks to this dynamic duo. Link: https://hubs.li/Q02PhNgB0 #RenewableEnergy #Sustainability #GreenRevolution #EU #EnergyIndependence #SolarPower #WindEnergy #Iberia
McKinsey: Spain and Portugal can Lead Green EU Energy
sustainabilitymag.com
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Spain and Portugal hold the key to a successful energy transition.
Spain and Portugal have the potential to lead the energy transition and generate substantial value for the region. However, to capitalize on this opportunity, swift action is needed across sectors, alongside capital mobilization. McKinsey’s Industry and Energy Transition Initiative will act as a demand and investment accelerator to this untapped value. Learn more here: https://lnkd.in/dEsPU2Nd https://lnkd.in/dTiTyAbM It was a pleasure working on this with André Anacleto, Álvaro Bau , Maria Joao Ribeirinho, Tomas Calleja and Jose Pimenta da Gama and other colleagues. #IndustryandEnergyTransitionInitiative #Energy #EnergyTransition #Industry
The Iberian green industrial opportunity: Seizing the moment
mckinsey.com
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Mckinsey: The Iberian green industrial opportunity: Seizing the moment "Possessing natural endowments and mature industrial infrastructure, Spain and Portugal have an unprecedented opportunity to lead the energy transition and create significant value for the region. (...) This urgent imperative for decarbonization could be a significant opportunity for the Iberian region. Spain and Portugal’s unique geographic endowments—including ample opportunities for cost-effective renewable energy production and significant raw materials—as well as their mature industrial base, mean they are well placed to capture the “green growth” that the energy transition can deliver. However, the window for action is closing in the fast-moving global energy landscape. Iberia is at an inflection point and currently has the chance to become a strong industrial player through the energy transition, and also to emerge as a key energy exporter in Europe. Spain and Portugal may need to take swift action to seize this opportunity."
The Iberian green industrial opportunity: Seizing the moment
mckinsey.com
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Spain and Portugal have the potential to lead the energy transition and generate substantial value for the region. However, to capitalize on this opportunity, swift action is needed across sectors, alongside capital mobilization. McKinsey’s Industry and Energy Transition Initiative will act as a demand and investment accelerator to this untapped value. Learn more here: https://lnkd.in/dEsPU2Nd https://lnkd.in/dTiTyAbM It was a pleasure working on this with André Anacleto, Álvaro Bau , Maria Joao Ribeirinho, Tomas Calleja and Jose Pimenta da Gama and other colleagues. #IndustryandEnergyTransitionInitiative #Energy #EnergyTransition #Industry
The Iberian green industrial opportunity: Seizing the moment
mckinsey.com
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McKinsey & Company reports internationally on the Iberian Renewable Energies Sector's Opportunities: The natural resources the regions has to offer are being harnessed by public incentives targeting the Net Zero agenda and the SDGs
The Iberian green industrial opportunity: Seizing the moment
mckinsey.com
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🌍 Spain & Portugal: Leading the Green Energy Revolution! 🌿 According to McKinsey, Spain and Portugal are set to drive the EU’s green energy transition. With abundant natural resources and ambitious renewable targets, the Iberian Peninsula is becoming a sustainable energy powerhouse. Key Highlights: 📈 Incentive Schemes & Stable Regulation ⚡ Substantial Grid Deployment ☀️ Leveraging 300 sunny days/year and superior wind resources 💧 Green Hydrogen: 16.5 GW by 2030 💼 Economic Impact: Reindustrializing Europe #GreenEnergy #Sustainability #RenewableEnergy #EnergyTransition https://lnkd.in/eSeqMxSr
The Iberian green industrial opportunity: Seizing the moment
mckinsey.com
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Investing in sustainable energy generation remains a theme, especially here in SA. https://lnkd.in/dCW2zP2G https://lnkd.in/d-jiZmfK
The Energy Transition Opportunity in Emerging Markets
morganstanley.com
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Türkiye is setting a powerful example in the global transition to sustainability with its ambitious $80 billion green investment strategy. From renewable energy advancements to eco-conscious infrastructure, the nation is paving the way for a greener future. Read the full article here on what lessons other nations can pick from this https://lnkd.in/d8D2hDzj #Sustainability #GreenInvestment #RenewableEnergy #ClimateAction
What Other Nations Can Learn from Türkiye’s Projected $80 Billion Green Investment
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