ES+ | No.3 | 2025/2026 Spain’s new energy Abasic principle of games of chance is that the odds ports: according to the Spanish Government’s 2024 Annual of winning or losing do not depend purely on the National Security Report the country’s foreign energy de-, skill of the players, and in the field of energy, it can-pendence has fallen from levels close to 80% in 2007 to not be said that Spain has historically been dealt the best 68.6% in 2023, according to the latest available data. The ob- hand. The scarcity of natural hydrocarbon reserves within jective is to reduce this external exposure to 50.4% by 2030. its borders has made Spain one of the European Union Secondly, renewable energies mean Spain produces countries most dependenton forig imports, a condi-en lower emissions: thanks to renewables, emissions in 2024 tion that is a potential source of vulnerability at a time ofhave been reduced by almost 17% compared to 2023, repre- major disruptions in international geopolitics. senting 27 million tonnes of carbon dioxide (CO2) equiv- However, the development of renewable energies has alent, the lowest figure for emissionsfromelectriiyct marked a turning point for Spain, which the country has generation since records began, according to Red Eléctrica been able to capitalise on, becoming one of the world lead- Española (REE). ers in the use of renewable eneriegs. Whilenergiese s uc ash Finally, Spain’s leadership in renewable energy drives wind and photovoltaic will never completely replace other a business ecosystem that has become an international non-renewable sources, the country’s firm commitment benchmark: Spanish wind turbines and solar panels sup- to them has not only reduced its dependence on imports, ply energy in places as diverse as Fife (Scotland), Fayette but has also limited its overall environmental impact, al- (Texas, UnitedStates) ad Guayn mate (Dominican Republic). lowing it to make significant progress towards its global At the national level, the country has progressed signif- sustainability goals. icantly. According to data from REE, in 2024, 56.8% of all The consequence of this process is, first and foremost, electricity generated in Spin used natural sources such asa an electricity system that is much less dependent on im- wind, sun, or water for its production. The report Global 45