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Provided that the subsidy program will be continued, there is good potential for different types of PV applications;
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Growth of the Spanish PV market (measured in installed MW) can easily go above 40 percent during 2005;
- In 2004 approximately 50 percent of the total solar PV sales was realised in one of the 19 autonomous regions. This region however had one of the lowest irradiation levels of Spain;
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Autonomous regions have their own PV subsidies and stimulation programmes. In some regions several incentives can be combined, leading to a system payback times of less than 8 years;
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At least 8 companies in Spain are manufacturing solar PV modules and at least 5 companies are manufacturing inverters;
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The market leader in turnkey system sales had a market share of more than 40%
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Sales in 2004 was for approximately 50 percent realised in one Product / Market combination;
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A new State subsidy scheme will be published in Q1 2005;
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Over 400 companies are already active in the Spanish solar industry.
