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Spain logged 596 hours of negative power prices in the first half of 2026, Portugal 462 — the highest tallies in Europe. https://www.pv-magazine.com/2026/07/15/europes-record-solar-output-drives-surge-in-negative-electricity-prices/ Solar output, negative prices, curtailment and voltage constraints are now converging in the same hours across the Iberian grid. For developers, that changes what “value” means in a portfolio. A megawatt without…

Saudi Arabia’s Principal Buyer, SPPC, signed four BESS agreements worth SAR 4.35 billion this week — 2,000 MW of four-hour storage across Makkah, Hail and Qassim, with ACWA Power, Saudi Electricity Company, ENGIE and Al Sharif Contracting among the counterparties. https://solarquarter.com/2026/08/21/saudi-arabia-signs-four-bess-agreements-worth-sar-4-35-billion-for-2000-mw-storage-capacity/ What stands out to us is the structure, not just the size. These are…

Saudi Arabia’s Shuaibah 1 came in at 1.04 US cents per kWh. Abu Dhabi’s Al Dhafra at 1.32 cents. On tariff alone, the Gulf builds the cheapest solar on earth. https://www.agbi.com/opinion/renewable-energy/2026/08/the-gulfs-solar-revolution-is-running-late/ But a record tariff is a promise, not a plant. Gulf solar panel imports fell sharply against 2025 averages this year, and delivery delays…

European wind output climbed and Iberian demand eased in the first week of August 2026 — and day-ahead prices moved with it. It’s the same pattern we’ve been underwriting against for a year: more renewable output chasing the same demand curve compresses merchant capture prices, hour by hour. On the M&A and intermediation side, this…

Portugal’s grid operator opens its first dedicated storage auction on 14 September — 750 MW standalone, 300 MW paired with renewables, the opening move in a strategy aiming for 3 GW of battery storage by 2030. Portugal sets September auction for 1.05 GW of energy storage For developers bidding into that 750 MW standalone bucket,…

Spain committed €150 million this month to back Europe’s first fully green-hydrogen steel plant, a 1.5-million-tonne facility in Puertollano targeting a 98% cut in carbon emissions. https://fuelcellsworks.com/2026/08/05/news/spain-backs-green-hydrogen-steel-project-with-150m-investment-commitment Projects like this only work if the power behind them is bankable on an industrial timescale. A steel plant sized for 1.5 million tonnes a year needs firm,…

Portugal’s storage sector got sharper numbers this week: APREN confirms two competitive procedures land in September — up to 750 MVA for standalone battery storage, plus another 300 MVA for co-located storage on new renewable generation projects. https://www.pv-magazine.com/2026/08/18/portugal-works-towards-3-gw-battery-storage-target-by-2030/ Going from 20 MW commissioned by the end of 2025 to a 3 GW target by 2030…

Spain has reserved all newly available grid capacity at the Beariz 400kV node in Galicia for a single competitive auction covering renewables and storage — the queue-based model is giving way to a bid. https://www.ess-news.com/2026/07/13/spain-reserves-beariz-grid-capacity-for-renewables-storage-auction/ It’s a pattern we expect to see repeated at other saturated nodes across Iberia: capacity access stops being a waiting…

A single completed project this week reframes what “bankable” means in frontier solar markets. https://www.pv-magazine.com/2026/08/13/global-south-utilities-completes-50-mw-solar-15-mwh-bess-project-in-central-african-republic/ A UAE-based developer switched on a 50 MW solar plant paired with 15 MWh of battery storage in the Central African Republic this week, described by the government as the country’s largest infrastructure project to date and a lift of…

SSE Renewables just took final investment decision on new onshore wind capacity in Aragón, Spain — bringing its southern European onshore pipeline under construction past 130 MW. https://renews.biz/105204/sse-backs-52mw-onshore-wind-build-out-in-europe/ An FID headline reads like a single moment, but from a developer’s chair it’s the finish line of years of unglamorous technical work: wind resource measurement, layout…