The Spanish electricity market in 2024 closes with prices 30% lower than expected
The average price of the Spanish electricity market in 2024 will be 62.5 €/MWh, a figure 30% lower than the initial projections.
The average price of the Spanish electricity market in 2024 will be 62.5 €/MWh, a figure 30% lower than the initial projections.
Julio Vera, Director of Institutional Relations at IberBlue Wind, points out that the auctions in Spain and Portugal offer greater guarantees to promoters compared to the Danish model. He argues that the lack of state support in Denmark creates risks and limits the sector’s competitiveness.
With a strategic location, renewable resources, and high connectivity, Spain positions itself as a key player in digitalization. Manuel Giménez, CEO of Spain DC, warns about the risks of speculation in the sector, the lack of energy infrastructure, and the growth projections for 2026.
A resolution with no changes, but with evident challenges, confirms the concentration of projects in the Cantabrian coast and the administrative hurdles that could affect meeting deadlines.
The Galician Hydrogen Association presented a report by the Galician H2 Alliance, which identifies 30 projects in development and 91 key entities in the green hydrogen value chain. A Coruña leads in the number of projects, while the need for improvements in electrical infrastructure is highlighted.