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Spanish Power Purchase Agreement (PPA) prices fell 3.5% in September while Pexapark’s European composite rose 5% — Spain was the only major market moving the other way. http://www.pv-magazine.es/2026/10/13/los-precios-de-los-ppa-caen-un-35-en-espana-mientras-aumentan-un-5-en-europa/ Behind that divergence sits a quieter trend: hybrid solar-plus-storage PPAs hit a monthly high in September, and flexibility agreements more than doubled from August. Buyers are increasingly…

Akuo just sold a 500+ MW portfolio of development-stage solar projects in Castilla y León and Andalusia to Dos Grados — a French independent power producer (IPP) recycling greenfield capital into a Spanish buyer’s balance sheet. https://www.pv-tech.org/dos-grados-acquires-500mw-solar-projects-from-akuo-in-spain/ It’s a pattern we see from the other side of the table most weeks: a developer takes a…

ERSE has closed Consulta Pública n.º 142/2026 on stabilising the regulation charges applied across Portugal’s electricity system (SEN) — confirmed this week on erse.pt, under Decreto-Lei n.º 15/2022. https://www.erse.pt/atividade/consultas-publicas/consulta-p%C3%BAblica-n%C2%BA-142/ It reads as a technical housekeeping exercise — two chapters of the Manual de Procedimentos and the Regulamento Tarifário amended for stability. For anyone underwriting a…

Wood Mackenzie 2026 LCOE: four-hour storage is cheaper than gas peakers in all 43 markets modelled. What it means for the Gulf, Africa and Iberia.

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…