The New Wind Energy Boom in Spain: Are Large Companies Once Again Dominating the Market?

Abstract

AbstractSince 2019, when the wind farms derived from the installed capacity auctioned by the Spanish Ministry of Energy were installed, Spain is immersed in a new process of growth in the wind sector. In the previous wind boom, derived from the aggressive FIT system implemented by the Spanish central government, large companies were the ones dominating the market. The objective of this study is to determine, based on the calculation of concentration indexes, whether the large energy companies hold most of the wind power market share. For this purpose, a concentration study will be performed on a population sample of 646 companies, initially considering all the companies in the sector individually and then, subsequently, by groups of companies according to the corporate matrix. The result shows that more than 50% of the market share is held by the three main energy companies operating in Spain.KeywordsWind energyMarket concentrationWind boomSpain