Eid Mubarak: May This Eid Bring Peace and Prosperity

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…

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…

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…

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…

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…

Spain has reserved all newly available grid capacity at the Beariz 400kV node in Galicia for a single competitive auction covering renewables and storage — the queue-based model is giving way to a bid. https://www.ess-news.com/2026/07/13/spain-reserves-beariz-grid-capacity-for-renewables-storage-auction/ It’s a pattern we expect to see repeated at other saturated nodes across Iberia: capacity access stops being a waiting…