Part 6/8:
Spain has also benefited from relatively low energy costs, a crucial component of its economic vitality. The country has invested heavily in renewable energy and has become the first in Europe to generate over 50% of its power from renewable sources. Spain possesses the largest liquefied natural gas processing capacity in Europe, positioning it favorably compared to nations like Germany that have struggled with high energy costs. Electricity prices in Spain are currently more than 50% lower than those in Germany, Italy, and the UK, a factor contributing to lower inflation rates amid strong GDP growth.