Nenuphar Advisors group presentation (Jan 2025)

pv magazine’s “Iberian BESS paradox” piece (24 July) put a name to something we see on the design desk daily: batteries are being built faster than the market signals reward them. Standalone storage in Spain and Portugal is being sized against ancillary services and arbitrage spreads that shift quarter to quarter, while co-located BESS has…

🌬️ Spain’s wind fleet posted its highest single day of the year on 5 August — 277 GWh — with lighter demand pushing prices down across European power markets the same week. 👉 https://elperiodicodelaenergia.com/la-mayor-produccion-eolica-y-la-menor-demanda-favorecen-descensos-de-precios-en-los-mercados-electricos-europeos-en-la-primera-semana-de-agosto Good wind days make headlines. What determines whether a project actually captures that resource over 20+ years gets decided years earlier,…

☀️ Solar’s next economic frontier isn’t a cheaper kilowatt-hour, a recent pv magazine piece argues, it’s finding a use for the kilowatt-hours the grid won’t take. Lazard’s 2026 LCOE+ report still puts utility-scale solar at $40-61/MWh unsubsidised. That was never really the constraint. ⚡ The constraint is timing. The cheapest solar hour is usually the…

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…

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…

Ramadan Kareem! Wishing our Muslim customers, partners and friends the best Ramadan!