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…
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…
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