Spain has updated its National Energy and Climate Plan (NECP) for the 2023-2030 period, increasing its ambitions. The new 2023-2030 roadmap plans to reduce greenhouse gas (GHG) emissions by 32% by 2030 compared to 1990 (compared with a 23% cut target in the 2021 NECP), to improve energy efficiency by 43% (up from 41.7% previously), and to reach a 50% energy independence (up from 39% previously). The share of electricity in final consumption should rise to 35% (up from 32% in the previous NECP), raising electricity demand by 34% (compared to 2019, up from a previous target of +5%). Renewables should account for 81% of the power mix by 2030 (up from a previous target of 74%) and cover 48% of the final energy consumption (up from 42% previously). 

In capacity terms, Spain targets a total wind power capacity of 62 GW by 2030 (including 3 GW of offshore wind, up from 50 GW and 1 GW, respectively), 76 GW of solar PV (up from 39 GW) (including 19 GW of auto-consumption), 12 GW of renewable hydrogen (up from 4 GW) and 22.5 GW of electricity storage (up from 20 GW). It also aims to produce 20 TWh of biogas (up from 10.4 TWh previously) and to reach 5.5 million of electric vehicles (up from 5 million) by 2030. Dwelling renovations should also accelerate, from 1.2 million to nearly 1.4 million. Overall, €308bn should be invested over the 2021-2030 period to reach these targets.