The solar market in Spain is going through a period of transformation marked by low energy prices, high installed capacity, and long administrative timelines.

In this context, Christopher Atassi, CEO of Solar Steel, emphasizes that “renewable generation reduces electricity costs, benefiting consumers, but directly impacts the profitability of solar projects.”

In an interview with Energía Estratégica España, he raises concern over a growing issue: the power grid is unable to absorb all the generated capacity, causing electricity spills and halting activities at power plants.

As he explains, “this situation must be addressed through technical improvements in the grid and the deployment of energy storage.” He also highlights the need for well-designed auctions that provide certainty to investors.

Another central challenge is the slowdown of projects due to long administrative timelines, a problem that, according to Atassi, the sector has been pointing out for years: “It is a bottleneck that, now in a slowed market context, weighs even more.”

Innovations to reduce costs and improve competitiveness

Solar Steel is focusing on technological efficiency and international learning to tackle these challenges. Among its key developments, Atassi highlights the TracSmarT+2V Compact, a solar tracking system that, he claims, “adapts to diverse terrains and significantly reduces civil works costs.”

The company has also optimized its installation processes. “Simplicity in assembly and pre-assembly are strategies that reduce fieldwork hours, and consequently, total costs,” explains the executive.

Additionally, he emphasizes the role of after-sales service as a strategic pillar: “Our Smart Care platform ensures that the products are profitable in the long term, reinforcing our commitment to the customer.”

Projections for 2028: Expansion and diversification

Despite the current challenges, the company maintains an optimistic outlook and plans to double its service capacity in anticipation of an increase in demand projected for 2027-2028, when the Spanish solar market is expected to reach 25 GW installed.

According to Atassi, “we are preparing to lead a market recovery in 2025, with a marked rebound in the following years.”

To mitigate the moderation of the Spanish market, Solar Steel is betting on international diversification, exploring markets with high potential in America and Europe. Regarding this, Atassi states: “Expanding into new markets not only protects us from local volatility but also opens opportunities for global growth.”

Innovation and sustainability as pillars

Technological innovation remains the driving force behind Solar Steel’s growth. In October, the company launched a 2P solar tracker that “improves resistance to aeroelastic conditions and accelerates assembly times.”

Furthermore, it will present a new version of its 1P tracker in 2025, which will set higher standards in the industry.

For 2024, the company projects growth of over 25%, consolidating its position in the global market.

“We have strengthened our supply chain, ensuring responsiveness with locally manufactured equipment, such as those made in the United States,” emphasizes Atassi.