Can I (Spanish citizen) fully sponsor a Schengen visa applied for through a Spanish consulate?

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You can declare that you will cover all the costs of the trip, sure. If this declaration is found credible, that could suffice to demonstrate her means of maintenance during the trip. This is especially natural and unremarkable if you're traveling together as a couple.

However, verifying means during the trip is not the only reason consulates want economic information about applicants, and the other reasons are not affected by your intention to fund the trip.

So she will still have to document her own economic situation to show that she has a credible reason to want to leave the Schengen area when she says she will. Put crudely, she needs to show that her long-term situation in her country of residence is not so bleak that it would look attractive to her to seek a better life as an undocumented immigrant to Europe.

The first of your quotes concern "invitation by Spanish residents" -- since you're not a Spanish resident, that doesn't apply to you. (It also correctly point out that being sponsored -- by anyone -- doesn't mean you don't still have to document your own economic circumstances).

The second points out that there are various ways one may legitimately afford a visit to Spain. Being sponsored by a travel companion is certainly one of those.

By the way, you write:

hopefully avoiding the need to send money to her bank account (since that would mean wasting money on an international transfer).

Even worse, having a large sum of money sudden appear on one's bank account is a pretty reliable way to be rejected for a visa. (Search for "funds parking" on this site). If you are funded by someone else, the application needs to describe that funding honestly (including the funder's motive and ability to pay) rather than pretending it's your own money.

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