European renewables M&A is heating up again in 2026 — but the filters are tougher, and platform-led execution is winning. That matches what we see on the ground as a development and M&A intermediary across Portugal, Spain, the UAE and Africa. Capital is back. Diligence isn’t getting easier — it’s getting sharper. Buyers increasingly discount…
Portugal is moving to formalise a capacity market with a dedicated battery storage auction — the latest step in reshaping how flexibility gets remunerated in Iberia. As developers and advisors running storage DSAs across Portugal, we read this as confirmation of a trend that’s been building for a year: standalone BESS is no longer a…
Abu Dhabi’s grid operator opened registration this month for its 20th Clean Energy Certificates auction, with results due 5 August under a pay-as-bid clearing process. Certificates like these are easy to dismiss as a compliance footnote. They aren’t. For a lender or an equity partner underwriting a Gulf solar or storage asset, a credible certificate…
Capital moving into European renewables is increasingly buying a development capability, not just a project — platform-led execution is becoming a common entry route for new investors this year. Acquiring a platform outright is one way to get there. It’s not the only one. A development services agreement gets a capital partner the same thing…
Spain logged 397 hours of negative power prices in Q1 2026. Portugal logged 222. Both are records. More solar, more wind, and not enough places to put the surplus. That’s the honest read on the Iberian market right now, and it’s reshaping what a “good” renewables SPV looks like. We’re seeing it directly in the…
Europe just posted its biggest second-quarter solar output on record — 129 TWh, roughly 20% above any prior Q2 — and Iberia is feeling it first. Spain logged 596 hours of negative day-ahead prices in H1 2026, Portugal 462. Exchanges have already had to push the price floor down to -€600/MWh to keep the market…
Portugal is moving from single storage tenders to a full National Energy Storage Strategy — a public consultation opened this month alongside a fresh battery auction. For developers, that’s a signal worth reading carefully, not just a procurement headline. Every hybridization mandate changes the technical brief. Layout has to account for a shared grid connection…
A 1,000 MW interconnector between Portugal and Spain went live this month — quietly rewriting the calculus for hybrid projects across Iberia. Cross-border capacity used to be a constraint developers designed around. Now it’s a variable in the base case. We’re seeing the same shift on the ground: co-located storage retrofits on operating solar assets,…
Spain just reserved all newly available grid capacity at a key 400 kV node in Galicia — earmarked for a future competitive auction on renewables and storage. It’s a small, technical-sounding move. But it says a lot about where the market is heading: capacity is now scarce enough that grid operators are curating who gets…
South Africa just approved 890 MW of new solar PV under REIPPPP Bid Window 7.3 — another reminder that in this market, competitive process is what turns a greenfield pipeline into steel in the ground. We see the same dynamic every week on the M&A side of our business. A capacity-rich SPV rarely finds its…
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