Ms. Nadia Rego
Cleantech sector in Spain
Spain is one of the largest EU economies and the world’s thirteenth-largest economy in the world by nominal GDP. It has a population of 46 million. Known to be a world leader in tourism and the infrastructure sector, it also offers interesting opportunities in the clean technology sector.
In the last years, Spain has seen a reactivation of renewable energy projects led by regulatory changes and favorable market conditions. In 2019 Spain reclaimed its position as Europe’s largest solar market after a period of inactivity. The drivers to this increase have been government launched capacity auctions and a market of self-consumption commercial and industrial customers, like hotels and agricultural businesses. The industry is dominated by local partners but opportunities exist for key services and products.
Most of Spain’s water supply and sanitation infrastructure was build mainly in the 50s, 60s and 70s. It provides universally good water and almost 100% of coverage with standard meters, but has been lacking maintenance and upgrading. Efficiency-seeking systems can find an opportunity in the municipal water sector. The industrial water sector, characterized by a shorter decision making process than the municipal one, could lead to successes in mining projects, chemical industry and the food and beverages sector.
Most tariffs in cleantech products and services have been eliminated since the application of CETA. Event if other barriers exist for Canadian cleantech companies, such as the lack of regulatory compatibility, we encourage Canadian clients to explore this relatively untapped market.
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