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…
Abu Dhabi just reached financial close on a single project pairing 5.2GW of solar with 19GWh of battery storage — one of the largest solar-plus-storage financings built to date. The signal for the rest of the industry: standalone solar generation is no longer the finished product, it’s the raw input. We’re seeing the same shift…
Spain’s renewables M&A market isn’t slowing down — it’s getting more disciplined. In the first week of July, a Spanish mini-hydro asset changed hands for €66 million. One line in the deal log, but it fits a pattern we’re seeing across every live process on our desk: portfolios keep trading, but the path to signature…
Portugal just told the market what firm capacity is worth. The government has reaffirmed plans for a dedicated auction of 750 MVA of battery storage capacity, built into a new capacity mechanism that will pay batteries, generation and demand-side flexibility for being available when the system needs them most. For developers, that changes the design…
Masdar closed $6.1bn in financing this week for the world’s first gigascale round-the-clock renewable plant: 5.2 GW of solar paired with 19 GWh of battery storage in Abu Dhabi. The financing is the headline. The more useful number, for anyone designing these systems, is the ratio behind it — just under four hours of storage…
A 361 MW portfolio of operating wind farms in Spain changed hands this week, acquired by Nadara — the consolidation platform backed by JPMorgan Asset Management. It’s one more data point in a pattern we track closely: Spanish renewables ownership is rotating faster than the pipeline is growing. Financial sponsors want operating cash flow, not…
European renewables M&A is increasingly pricing certainty, not concepts: assets move once permits, grid access and technical milestones are secured, not before. Nenuphar’s development and M&A intermediation work centres on qualifying projects to Ready-to-Build status and structuring competitive sale processes across Portugal, Spain, the UAE and Africa. Milestone-based deal structures are becoming the norm as…
Negative power-price hours in Spain and Portugal have surged this year, turning battery storage from a hedge into the asset that captures the spread. At the same time, Gulf capital is scaling fast, with dozens of developers competing for multi-gigawatt-hour storage programmes in Saudi Arabia. Nenuphar’s project design and advisory work spans both realities: sizing…
South Africa’s energy regulator just approved 890 MW of new solar PV generation licences in a single decision. It’s a reminder that across every market we work in — Portugal, Spain, the Gulf, sub-Saharan Africa — permitting and licensing is where projects actually get made or lost, long before a PPA or financial close gets…
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