Elon Musk weighs in on Spain’s economic plans

Elon Musk weighs in on Spain's economic plans

Elon Musk weighs in on Spain's economic plans

The Strategic Project for economic recovery and transformation (Perte) plans announcement on Monday April 4th by Spanish Prime Minister Pedro Sánchez, received an unusual intervention as multi-billionaire Elon Musk weighs in with his views.

The man behind Tesla and Space-X Elon Musk, shared his views about what the country should invest in. Musk reacted to the announcement of the flagship project Slashdot, which will see the country invest 11 billion euros into a microchip plant, saying that he believed Spain should be investing in solar energy that could be supplied to all of Europe.

Replying to a tweet by Slashdot confirming the government’s investment he said: “Spain should build a massive solar array. It could feed the whole of Europe.”

The tweet attracted many comments and amongst those the former Minister, Pedro Duque , who wasn’t going to miss the opportunity to tempt Musk into investing in Spain.

He tweeted: “We welcome investments in Spain to boost our already large production of renewable energy. Our entire legal framework is prepared for it. Do you know any investors?”

 Musk believes that both Portugal and Spain are perfect for such a solar installation, with the two countries already collaborating in their effort to change the European Union’s views on energy sources and prices.

Whether he is seriously considering such an investment remains to be seen as on the same day he bought a large chunk of Twitter, a company that he has regularly criticised. In fact he had gone so far as to say when asked, that he was seriously considering setting up such a business.  So maybe, just maybe.

His reference to Twitter can in hindsight be viewed as a subtle offer or an insight into his thinking. The question is, does that apply to to the solar array? Could he be looking for such an investment, a partner perhaps?

Now that Elon Musk weighs in on Spain’s economic plans, the question is whether the government will make an approach, after all he may be right and he may be very interested in such a venture, one that could change Europe’s energy supply for good while making Spain a wealthy country. He certainly has the know how and the resources.

Thank you for taking the time to read this article, do remember to come back and check The Euro Weekly News website for all your up-to-date local and international news stories and remember, you can also follow us on Facebook and Instagram.

Author badge placeholder
Written by

Peter McLaren-Kennedy

Originally from South Africa, Peter is based on the Costa Blanca and is a web reporter for the Euro Weekly News covering international and Spanish national news. Got a news story you want to share? Then get in touch at editorial@euroweeklynews.com.