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Economic impact of solar thermal electricity deployment in Spain

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  • Calds, N.
  • Varela, M.
  • Santamara, M.
  • Sez, R.

Abstract

The objective of the work is to estimate the socio-economic impacts of increasing the installed solar thermal energy power capacity in Spain. Using an input-output (I-O) analysis, this paper estimates the increase in the demand for goods and services as well as in employment derived from solar thermal plants in Spain under two different scenarios: (a) based on two solar thermal power plants currently in operation (with 50 and 17MW of installed capacity); (b) the compliance to the Spanish Renewable Energy Plan (PER) 2005-2010 reaching 500MW by 2010. Results show that the multiplier effect of the PER is 2.3 and the total employment generated would reach 108,992 equivalent full-time jobs of 1 year of duration. Despite this is an aggregated result, this figure represents 4.5% of current Spanish unemployment. It can be concluded that the socio-economic effect of the PER's solar thermal installed capacity goal would be remarkable.

Suggested Citation

  • Calds, N. & Varela, M. & Santamara, M. & Sez, R., 2009. "Economic impact of solar thermal electricity deployment in Spain," Energy Policy, Elsevier, vol. 37(5), pages 1628-1636, May.
    • Handle: RePEc:eee:enepol:v:37:y:2009:i:5:p:1628-1636
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