The renewable energy lottery draws a new future for the industry in Spain.

The renewable energy lottery draws a new future for the industry in Spain Spain has historically been a country lagging behind in industrial revolutions, but today it is at a key moment, straddling the third and fourth industrial revolutions, with a unique opportunity to boost its industry thanks to the low cost of electricity in Europe. Experts consulted agree that Spain has a good hand at the moment, with enviable conditions to attract investments and activities that previously opted for other countries. However, it is necessary to play those cards well and not fall into triumphalism prematurely. Last week, Amazon surprised with an investment of almost 16 billion euros in a network of data centers in Zaragoza and Huesca. This decision is due to several favorable factors that Spain offers, such as the availability of renewable energy, available land, qualified workforce, and competitive salaries. In addition, the proximity to France facilitates connection with the rest of the European Union. This announcement marks the beginning of what could be a wave of investments and activities in the country. Economist Natalia Collado highlights Spain's privileged position at this moment, but also points out the need to attract industries that bring added value and innovation. Sectors such as data centers and battery factories have been the first to turn their attention to the Iberian Peninsula, taking advantage of the advantages it offers in terms of costs and renewable energy. The bet on these emerging sectors could be just the beginning of a structural change in the Spanish industry. Author Daniel Pérez highlights that Spain is experiencing a significant change, gaining a competitive advantage it did not have before. However, he emphasizes the importance of promoting this image abroad and attracting investments that boost the country's economy. Companies like LevelTen Energy are seeing an increase in inquiries from electro-intensive industries interested in taking advantage of the cheap and renewable electricity that Spain offers. The shift in electricity prices in Spain has been radical in recent years, going from being one of the most expensive in Europe to competing with countries like the Scandinavians in terms of cost. The increase in renewable energy production has been key in this transformation, with renewables covering the majority of the country's electricity demand. The sun has become a differential factor, allowing Spain to generate electricity at competitive prices. In addition to the boost from renewables, Spain benefits from a shift in geopolitical dynamics that favor the integration of industrial production in European territories. If the European Union begins to favor "Made in Europe," Spain could become one of the major beneficiaries of industrial relocations. However, it is important that the country knows how to promote its attributes, such as renewable electricity, to attract sustainable investments and promote the decarbonization of key industrial sectors. Despite the opportunities that arise, Spain faces pending challenges, such as the need to invest in the electricity grid and storage technologies to avoid spills and strengthen interconnection capacity. The President of the Government, Pedro Sánchez, acknowledges the challenges in the electricity grid and the need to supply the power that the industry demands. The grid is a key point in this new energy and industrial era, and its development will be fundamental to sustain the sector's growth. In this context of opportunities and challenges, Spain is at a crucial point to consolidate its position as an attractive destination for industrial and technological investments. With a focus on promoting its renewable electricity and driving the decarbonization of key sectors, the country could make the most of the renewable energy lottery and build a prosperous future for its industry.