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…
Portugal’s public consultation on its first dedicated battery-storage auction closed 20 July — after three weeks of industry input on a new capacity mechanism anchored in Decree-Law 130/2026. 750 MVA of standalone storage. A reliability standard of 1.46 hours of accepted outage risk per year, driving the whole design. A mechanism open to generation, storage,…
European renewables M&A in 2026 has quietly changed shape. Capital is not scarce. Targets are not scarce. What’s scarce is execution certainty — and buyers are pricing it accordingly. We’re seeing it directly in the processes crossing our desk this summer: large-cap buyers absorbing entire portfolios outright rather than picking off single projects, and deal…
Iberian LCOE 2026: When Cost Stops Being the Problem In Iberia, the conversation around renewables has quietly shifted: cost is no longer the main constraint, revenue is. In a new Nenuphar Advisors market memorandum, we adapt Lazard’s 2026 LCOE+ to Portugal and Spain ( Market_LCOE_Iberia_2026 ) and find that Iberian projects are structurally cheaper than…
Portugal has set the date: 14 September, for 1.05 GW of storage capacity up for auction — 750 MW standalone BESS, 300 MW paired with renewables, part of a strategy targeting 3 GW of battery storage by 2030. From the development desk, the auction date is the easy part to track. The harder part happened…
Spain’s grid operator activated emergency demand-response for the third time this year on Wednesday night — asking large industry to cut load as a wind drop met a late-summer heat spike. It was the second such call in a single week. That is no longer an anomaly; it is a data point. The system now…
A major Northern European investor just added solar panels to an existing Portuguese wind farm rather than build a fresh greenfield site from scratch. That is not a headline. It is, increasingly, the playbook. Hybridizing wind with solar on land, permits, and a grid connection that already exist is one of the more underrated moves…
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