NEWS

Portugal’s largest solar plant just became a case study in what happens when a project is underwritten on optimistic yield and full merchant exposure. https://www.pv-magazine.com/2026/08/25/portugals-largest-solar-plant-enters-administration-amid-low-output-falling-power-prices/ The 220 MW Solara4 plant, commissioned in 2021 without a guaranteed tariff, entered administration after generation consistently undershot forecast, wholesale prices fell under the weight of Iberia’s own solar build-out,…

Deutsche WindGuard has crossed 1GW of renewable capacity under 24/7 technical monitoring across Germany and the Netherlands — a reminder that the job doesn’t stop at commercial operation. https://www.renews.biz/other-news/deutsche-windguard-passes-1gw-monitoring-milestone/ From where we sit as an in-house design and development team, the discipline that de-risks a project at origination — wind resource campaigns, met mast and…

An administrator has put a 32GW wind development portfolio across five countries up for sale, with a specialist M&A adviser appointed to run the process end to end. https://www.renews.biz/onshore-wind/32gw-sowitec-portfolio-up-for-sale/ Distressed or not, the mechanics of a cross-border renewables sale rarely change: a credible process needs one point of contact, a clean data room, and a…

Sonnedix just closed €730 million to refinance, optimise and build out its Southern Europe portfolio — solar and BESS across France, Italy, Portugal and Spain. https://www.pv-tech.org/sonnedix-secures-e730-million-to-develop-southern-europe-renewables-portfolio/ Deals like this confirm what we’re seeing across our own sell-side and advisory mandates: capital is flowing back into the region at scale, but it’s going to platforms and…

Saudi Arabia’s Principal Buyer, SPPC, signed four BESS agreements worth SAR 4.35 billion this week — 2,000 MW of four-hour storage across Makkah, Hail and Qassim, with ACWA Power, Saudi Electricity Company, ENGIE and Al Sharif Contracting among the counterparties. https://solarquarter.com/2026/08/21/saudi-arabia-signs-four-bess-agreements-worth-sar-4-35-billion-for-2000-mw-storage-capacity/ What stands out to us is the structure, not just the size. These are…

Saudi Arabia’s Shuaibah 1 came in at 1.04 US cents per kWh. Abu Dhabi’s Al Dhafra at 1.32 cents. On tariff alone, the Gulf builds the cheapest solar on earth. https://www.agbi.com/opinion/renewable-energy/2026/08/the-gulfs-solar-revolution-is-running-late/ But a record tariff is a promise, not a plant. Gulf solar panel imports fell sharply against 2025 averages this year, and delivery delays…

European wind output climbed and Iberian demand eased in the first week of August 2026 — and day-ahead prices moved with it. It’s the same pattern we’ve been underwriting against for a year: more renewable output chasing the same demand curve compresses merchant capture prices, hour by hour. On the M&A and intermediation side, this…

Portugal’s grid operator opens its first dedicated storage auction on 14 September — 750 MW standalone, 300 MW paired with renewables, the opening move in a strategy aiming for 3 GW of battery storage by 2030. Portugal sets September auction for 1.05 GW of energy storage For developers bidding into that 750 MW standalone bucket,…

Spain committed €150 million this month to back Europe’s first fully green-hydrogen steel plant, a 1.5-million-tonne facility in Puertollano targeting a 98% cut in carbon emissions. https://fuelcellsworks.com/2026/08/05/news/spain-backs-green-hydrogen-steel-project-with-150m-investment-commitment Projects like this only work if the power behind them is bankable on an industrial timescale. A steel plant sized for 1.5 million tonnes a year needs firm,…

Portugal’s storage sector got sharper numbers this week: APREN confirms two competitive procedures land in September — up to 750 MVA for standalone battery storage, plus another 300 MVA for co-located storage on new renewable generation projects. https://www.pv-magazine.com/2026/08/18/portugal-works-towards-3-gw-battery-storage-target-by-2030/ Going from 20 MW commissioned by the end of 2025 to a 3 GW target by 2030…