Risen Energy will consolidate its expansion in Europe starting with FES Iberia 2025
“The meeting of renewable energy leaders is an opportunity to lay the groundwork for what may come in the coming months,” says Juan Antonio Irastorza.
“The meeting of renewable energy leaders is an opportunity to lay the groundwork for what may come in the coming months,” says Juan Antonio Irastorza.
The Iberian market recorded increases of 161% and 172% in average prices. The increase is attributed to “a spring without sun or wind” and warns about the impact of renewables on waste and uncounted generation.
In an interview with Strategic Energy Europe, Jorge Paradela Gutiérrez, Minister of Industry, Energy and Mines, details how the region will surpass 20 GW of renewable energy by 2026, deploy 23 green hydrogen projects worth €5.5 billion, double the number of energy communities, and consolidate alliances with Germany and the Netherlands.
In the first quarter of 2025, solar PPA buyers are offering contracts between €25 and €30/MWh, although projects are only viable starting at €35/MWh. This has led to a minimal volume of contracts. In contrast, wind power is trading above €50/MWh, with peaks of up to €54/MWh, but there are no wind farms available to sell this energy.
The private sector warns that the new criteria fall short of expectations, prioritizing budget savings over project maturity. They will seek to modify this point during the appeals process.