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Summary | Profile

Country profile: Spain

Location: Southwestern Europe, bordering the Bay of Biscay, Mediterranean Sea, North Atlantic Ocean, and Pyrenees Mountains, southwest of France
Climate: temperate; clear, hot summers in interior, more moderate and cloudy along coast; cloudy, cold winters in interior, partly cloudy and cool along coast
Terrain: large, flat to dissected plateau surrounded by rugged hills; Pyrenees in north
Size: 504782 sq. km total (Land area: 499542 sq. km  Water area: 5240
Population: 40,491,051 (July 2008 est.)
Languages: Castilian Spanish (official) 74%, Catalan 17%, Galician 7%, Basque 2%, are official regionally
Government: parliamentary monarchy
Capital city: Madrid
Legal system: civil law system, with regional applications; accepts compulsory ICJ jurisdiction with reservations
Currency: euro (EUR)

Country profile

Both Spain and Portugal have been members of the European Union (EU) since 1986. EU membership has led to an increased standard of living and economic growth in the Iberian Peninsula and billions of dollars worth of EU structural funds flowing into the two countries. Nevertheless, both countries continue to face economic challenges. Spain's unemployment rate remains stubbornly high, while Portugal has repeatedly exceeded the EU's limits on budget deficits. Economic growth spurred by EU membership has led to increases in energy consumption.

For example, Spain's energy demand has increased over 100 percent since the mid-1970s. The Iberian Peninsula has limited energy resources, so both Spain and Portugal must depend upon imports for the bulk of their energy needs. Attempts to develop domestic energy sources, though, have focused on hydropower and renewables. Both countries have also sought greater integration of the Iberian energy sector through policy coordination and infrastructure projects. The two announced in 2001 that they would create a single Iberian electricity market without limits on transnational ownership or market participation. However, repeated delays have pushed implementation of this market, called Mibel, until October 2007.

Energy production and consumption

Oil Gas
Production: 29,350 bbl/day (2005 est.) 151 million cu m (2005 est.)
Consumption: 1 million bbl/day (2005 est.) 30 billion cu m (2005 est.)
Exports: 175,200 bbl/day (2005 est.)  
Imports: 1 bbl/day (2005 est.) 31 billion cu m (2005 est.)
Reserves: 157 million bbl (1 January 2006 est.) 2 billion cu m (1 January 2006 est.)
Major fields:

Spain - recent news

14 May 24
Spain: Cepsa selects thyssenkrupp nucera as preferred supplier of a 300-MW electrolyzer for a green hydrogen plant in Spain
Cepsa has selected thyssenkrupp nucera as a preferred supplier of the Cepsa-led Andalusian Green Hydrogen Valley in southern Spain, one of the largest projects of its kind in Europe. The first phase of the Andalusian Green Hydrogen Valley entails a green hydrogen production plant at Cepsa’s La Rábida Energy Park in Palos de la Frontera (Huelva) as part of their partnership with Fertiberia.
14 May 24
Spain: Cepsa selects Siemens Energy’s PEM technology for 100 MW of electrolysis capacity for the Andalusian Green Hydrogen Valley
Cepsa has selected Siemens Energy, one of the world’s leading energy technology companies, for the supply of 100 megawatts (MW) of Proton Exchange Membrane (PEM) electrolysis technology for green hydrogen production at its La Rábida Energy Park in Palos de la Frontera (Huelva), southern Spain.
10 May 24
Spain: Exus acquires 51MW Spanish wind farm from Grupo Enhol
Exus Renewables, a premier independent power producer and asset management firm specialising in the renewable energy sector, has announced the acquisition of a 51-megawatt wind farm located in the north of Spain, from independent Spanish company Grupo Enhol.
09 Apr 24
Spain: Plenitude begins the construction of Renopool 330 MW photovoltaic park in Spain, the largest ever realized by the company
Plenitude, a company controlled by Eni, has announced it is commencing construction of the Renopool solar park in Badajoz, Spain. With a capacity of 330 MWp, Renopool will be the largest solar project ever built by the company globally.
19 Mar 24
Spain: Vestas wins 51 MW EnVentus order in Spain
Renewable energy company ENHOL has placed a 51 MW order for the Cascante wind park, to be located in Navarra, Spain. Turbine delivery is expected to start in the fourth quarter of 2024, while commissioning is planned for the first half of 2025.

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