October 28, 2024Renewables boosted their net savings in the electricity system by 41%, reaching 9.5 billion

Spain
Renewables boosted their net savings in the electricity system by 41%, reaching 9.5 billion

Wind and hydropower stopped receiving incentives in 2023, which led to a specific renewable compensation of 3.170 million euros and market savings of 12.745 million euros. The drop in electricity prices, from 167.52 €/MWh in 2022 to 87.10 €/MWh in 2023, reduced the sector’s contribution to GDP to 16.495 million euros, accounting for 1.13% of the national GDP.

October 25, 2024Iberian competition: improvements in infrastructure and taxation to continue attracting renewable investments

Portugal
Iberian competition: improvements in infrastructure and taxation to continue attracting renewable investments

Following Repsol’s announcement to prioritize investments in Portugal, Bianca Dragomir, Director of Cleantech for Iberia, emphasizes that the Iberian Peninsula has exceptional potential to become a hub for clean technologies. However, she highlights the need to improve infrastructure and interconnections, as well as maintain fiscal competitiveness to attract more renewable energy investments.

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