Spain faces renewable bubble in green energy push

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An advisor to Spanish utility Audax has said that Spain is at risk of facing a renewable energy 'bubble' due to possible saturation of the market amid falling development costs and 2030 renewable energy targets.

Spain is looking to treble wind and solar capacity from current levels by 2030 according to the national energy plan, with coal-based generation being phased out. Annual tenders of 6 GW are set to launch, with many early investors enterin...