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…
The EU opened its call for AI Gigafactories on 30 July — up to seven flagship facilities across the bloc, each pairing frontier compute with an energy-efficient data centre. https://www.eurohpc-ju.europa.eu/eurohpc-joint-undertaking-launches-ai-gigafactories-call-2026-07-30_en Applications close in November, and the site-selection variable that keeps coming up isn’t installed capacity — it’s how fast a location can deliver large additional…
EWEC and Masdar just signed a Collaboration Framework Agreement designed to streamline utility-scale renewable projects in the UAE from early-stage development through to financial close. https://renews.biz/111404/ewec-masdar-sign-renewable-framework-deal/ That’s a Gulf utility formalising, at scale, something advisors and developers have been doing deal-by-deal for years: structuring how a project moves from origination to bankability without losing time…
DNV has just advised Galp on the technical due diligence behind a 351 MW acquisition of 17 operating Spanish onshore wind farms from Helia Funds. https://renews.biz/111233/windeurope-2026-dnv-advises-galp-on-351mw-deal/ Seventeen sites, each under different contractual and regulatory frameworks, assessed within a compressed timeline: site inspections, energy yield reviews, turbine technology evaluations, remaining useful lifetime analyses, permitting checks, and…
WhatsApp us