The news states that the war with Iran has dragged the world into a sudden energy crisis, and the closure of the Strait of Hormuz and the decrease in energy exports from the Middle East have created concerns about higher energy bills for households that are already in a difficult situation.
In this context, Euronews emphasizes that Spain has invested heavily in wind and solar energy in the last six years, resulting in some of the cheapest energy prices in Europe.
Spain “in a good position”
According to the news, Spain is in a good position against such shocks thanks to its renewable energy investments.
Some figures given are as follows:
Since 2019, Spain has doubled its wind and solar power capacity. The country added more than 40 GW of new capacity. This amount is more than in any EU country except Germany, whose energy market is nearly twice the size of Spain.
Therefore, electricity prices in Spain are much less affected by constantly fluctuating gas prices. The article reminds that gas prices increased by 55% one day after the start of the war with Iran and continue to rise.
Euronews also cites a report published by energy think tank Ember in October last year. According to this report: “The growth of wind and solar power in Spain has reduced the impact of expensive fossil fuel power generators on the price of electricity by 75% since 2019.”
spain pioneer
Another data highlighted in the news is this: In August 2025, electricity produced from coal was not used at all in Spain. This represents a big change considering that just 10 years ago coal accounted for a quarter of the country’s energy production.
Moreover, in 2019, Spain had the most expensive electricity prices in Europe. Today it has the cheapest one. For this reason, it is stated that Spain can be a leading model for the world.
Caroline Baxter, Director of the Convergent Risks Laboratory of the Washington-based Strategic Risks Council, says it would not be surprising if countries turn to green energy due to the conflict in Iran.
According to Baxter, the reason for this is simple. Renewable energy provides much more stability than fossil fuels.
