Three solar plants in Castilla-La Mancha reached full commercial operation this week — Zelestra’s Brazatortas 1, 2 and 4, delivered by its own in-house EPC team and contracted to Tesla under a 57MWac power purchase agreement worth roughly 130GWh of output a year. That detail is easy to skip past, but it matters. The gap…
Copenhagen Infrastructure Partners completed its €1.44 billion acquisition of Ørsted’s European onshore business this spring — wind, solar and storage assets and a multi-gigawatt development pipeline spanning Ireland, the UK, Germany and Spain, now under new ownership. Deals like this are not isolated. Across Europe, and Iberia specifically, both utilities and independent developers are treating…
Two multi-gigawatt renewables portfolios changed hands in the last month — Aditya Birla’s 5 GW pickup of Shell’s Sprng Energy platform, and Masdar’s move toward roughly 4.1 GW of operating capacity across Iberia through its Repsol partnership. https://www.pv-magazine.com/2026/07/14/aditya-birla-group-to-acquire-sprng-energy-from-shell/ ; https://www.energyglobal.com/wind/12062026/repsol-and-masdar-to-partner-in-849-million-renewables-portfolio-in-spain/amp/ Capital is consolidating fast, and it is consolidating around scale. From the M&A intermediation side,…
pv magazine’s “Iberian BESS paradox” piece (24 July) put a name to something we see on the design desk daily: batteries are being built faster than the market signals reward them. Standalone storage in Spain and Portugal is being sized against ancillary services and arbitrage spreads that shift quarter to quarter, while co-located BESS has…
Spain asked for 40 GW of new grid access in 2025. Regulators approved 4.5 GW. Portugal isn’t far behind: available grid capacity today covers less than a tenth of the renewables pipeline developers want to build before this decade closes (pv magazine, 1 April 2026). That scarcity is quietly rewriting the M&A map. A permit…
Four floating LiDAR buoys are now measuring wind and sea conditions off Viana do Castelo, Leixões, Figueira da Foz and Ericeira. They’re part of LNEG’s EOLOS.Mar programme — twelve-month measurement campaigns feeding real data into the sites earmarked for Portugal’s floating offshore wind zones, part of the push toward 10 GW of offshore leases by…
South Africa’s energy regulator licensed just over 1 GW of new solar in July, part of a national pipeline now above 220 GW, roughly half of it paired with battery storage. In the Gulf, Abu Dhabi’s utility has recently closed financing on a 5.2 GW solar-plus-storage project engineered to deliver power around the clock. Two…
Spain logged 397 hours of negative power prices in Q1 2026, up from 48 hours a year earlier. Portugal posted 294. That’s not a blip. Per AleaSoft and pv magazine’s Q1 tracking, it’s the shape of an Iberian grid absorbing more solar than the system was built to clear in real time. From the design…
Merchant exposure is quietly rewriting the M&A playbook for Iberian solar. pv magazine’s read on the “Iberian BESS paradox” (24 July 2026) captures something we see in every process we run: standalone PV is losing its footing as price cannibalization and curtailment risk bite, and co-located storage is shifting from a nice-to-have to a pre-condition…
On 27 July, Spain’s day-ahead price hit zero at midday and €250/MWh by 10:30pm — same day, same grid. That swing is becoming the norm, not the exception. High photovoltaic output is pushing wholesale prices toward zero — sometimes below it — through the solar hours, while the evening ramp still leans on gas once…
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