Spain’s wholesale power price broke above €200/MWh on 6 October for the first time since December 2022 – a daily average of €201.99/MWh, peaking at €281.31/MWh between 9 and 10pm. https://www.energias-renovables.com/panorama/el-precio-de-la-luz-se-dispara-20261006 The detail that matters for our sector sits inside that same 24 hours: the cheapest hour of the day was still €147.09/MWh, with solar…
Spain’s solar fleet just crossed 23% of the electricity mix — and captured prices are now paying for it. https://elperiodicodelaenergia.com/el-boom-solar-pierde-fuelle-la-fotovoltaica-afronta-precios-cero-menos-ppas-y-dificultades-de-financiacion Captured solar prices in Spain fell from €42.28/MWh in 2024 to €29.68/MWh in H1 2026. Zero- and negative-price hours are on track to top 900 this year, up from 797 in 2025. PPA volumes are…
Spain just released 11 GW of grid capacity for renewables and storage — turning connection rights into a headline asset class in their own right, not a line item buried in diligence. https://www.pv-magazine.com/2026/09/24/spain-plans-to-allocated-11-gw-of-grid-capacity-for-renewables-storage/ As an M&A intermediary running competitive, non-binding-offer processes for renewables capacity and grid-connection rights across Iberia, our practitioner read is simple: when…
Spain now has a capacity market: Orden TED/966/2026 was published in the BOE on 17 September and entered into force the next day. The product is firm capacity, awarded through sealed-bid, pay-as-bid auctions run by Red Eléctrica and supervised by the CNMC, with a confidential price cap and a lower reserve price for existing plants;…
Spanish utilities have sold more than 12 GW of renewable assets in the last five years — over €15 billion — and per-megawatt valuations have fallen from the €150,000–250,000 range to €50,000–90,000. https://elperiodicodelaenergia.com/el-mercado-renovable-espanol-entre-los-precios-cero-y-la-rotacion-de-activos/ That is not a market in retreat. It is a market maturing out of “build and hold” and into one where capital…
Roughly 10 GW of Spain’s onshore wind fleet is closing in on 25 years of operation — the age where repowering conversations start in earnest, per reNews’ coverage from WindEurope 2026. https://renews.biz/111196/windeurope-2026-sanchez-sets-spain-energy-transition-push/ Repowering sounds simple on paper: swap old turbines for fewer, larger ones on the same site. In practice, the resource assessment has to…
Spain’s renewables association is pushing back this week on a draft rule that would require data centers to match 80% of their consumption with renewable generation on an hourly basis, asking instead for annual correlation. https://www.energias-renovables.com/panorama/appa-pide-al-gobierno-que-el-consumo-20260907 Whichever way that detail lands, the direction is set: data centers are becoming one of the fastest-growing classes of…
Portugal’s solar fleet just posted a new high: 3.85 GW of generation in August, with renewables covering 52% of the month’s electricity consumption and 66% year-to-date. https://www.pv-magazine.com/2026/09/03/solar-reaches-new-power-highs-in-portugal-in-august/ Numbers like that read as a good-news story on the surface. From where we sit as developers, they’re also a capacity signal. Every additional gigawatt the grid absorbs…
📊 The numbers first. Red Eléctrica’s post-blackout “operación reforzada” has cost the system €3.57bn so far this year, 37% more than the same period of 2025, mostly by keeping combined-cycle gas plants running for security while TTF sits above €75/MWh. In parallel, renewable generators have lost roughly €391m to curtailment: about 1,560 plants and close…
Spain is now requiring data centres of 1 MW and above to source at least 80% of their electricity from renewables, with data processing kept under European control. https://www.pv-magazine.com/2026/08/26/espana-exigira-a-los-centros-de-datos-un-80-de-renovables-adicionales-y-datos-bajo-control-europeo/ Rules like this turn a soft ESG preference into a hard procurement requirement, and it changes how a Project Development Services Agreement gets written. An offtaker…
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