Acciona just sold 361 MW of Spanish wind — 15 operating farms, average age 21 years — to Galp for €432 million, booking a €255 million gain. That’s not a distress sale. It’s portfolio discipline: rotate mature, de-risked assets to a strategic buyer with a longer hold horizon, and redeploy the capital into new development….
Portugal just closed a public consultation on its first National Energy Storage Strategy, run alongside a competitive tender for 750 MW of battery capacity — the window shut on 20 July. Auction design like this forces a very practical question onto the development desk: hybridisation rules. Can a battery co-located with solar or wind share…
Grenergy just secured €100 million to back a 618 MWh standalone battery project in Spain. That number matters more than the deal itself. Debt at that scale for a storage-only asset, with no co-located generation, tells you lenders are now underwriting BESS cash flows on their own merits — arbitrage, ancillary services, capacity — not…
The European Investment Bank has backed the Labraza wind farm in Álava with a €29 million green loan, arranged alongside Iberdrola España and the Basque Energy Agency. At 40 MW, Labraza will be the first wind farm to enter operation in the Basque Country since 2006, expected to generate close to 100,000 MWh a year…
South Africa’s energy regulator NERSA has licensed four more solar projects — 890 MW contracted, just over 1 GW installed — taking its seventh renewables procurement round close to 5 GW of solar alone. What stands out isn’t the capacity. It’s the process discipline: license applications filed in January, public comment invited, a hearing scheduled…
Portugal has set a target of 5 GW of pumped hydro storage by 2040, positioning long-duration storage as the backbone of its energy strategy alongside the 750 MVA battery auction already underway. That framing matters. Batteries solve for hours; pumped hydro solves for days. A strategy that names both, rather than treating storage as one…
A €432 million wind portfolio just changed hands in Spain — and the buyer wasn’t chasing greenfield. On 22 July, Galp closed its purchase of a 361 MW operating wind portfolio from Acciona Energía. It’s the latest signal of where Iberian renewables M&A is heading: capital rotating toward mature, merchant-exposed assets with grid access already…
Iberia’s battery storage pipeline just crossed another threshold: over 11 GW of BESS capacity now quoted across the region by a single major supplier, with battery costs still up roughly 8% year-to-date on lithium volatility, per recent market data. That combination — surging demand and firmer pricing — is exactly the environment where technical rigour…
African renewable deal value quadrupled last year — from $69 million in 2024 to $275 million in 2025 — even as global renewables M&A activity fell by roughly a quarter. That divergence tracks what we see from the advisory seat. International capital isn’t retreating from emerging and frontier markets. It’s getting more selective about which…
Prosolia Energy just commissioned a 15 MW/60 MWh battery system at a 34.4 MWp solar plant in Portugal — one of the country’s largest solar-plus-storage hybrids to date, connected straight into the 150 kV transmission grid. Hybridization is no longer the exception in Iberian development — it’s becoming the default design assumption, and Lisbon’s newly…
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