The country increased its photovoltaic capacity by more than 5.2 GW in 2023 and exceeded 3.3 GW in the first half of 2024. However, the growth of wind energy remains lagging, and the transmission grid faces critical challenges in ensuring the system’s stability.

Industry sources warn that there is little room left to lower investment costs, and instead, a growth trend of between 5% and 10% is being observed.

With its first international project finance agreement, R. Power strengthens its presence in the European renewable energy market. The €38.6 million financing from CaixaBank and BPI will support the development of solar plants with a total capacity of 68 MWp, including new constructions and asset refinancing.

With €426 million in clean tech investments, the Iberian Peninsula is emerging as a key European hub. Despite record-breaking early-stage funding, growth-stage investments remain a challenge. Ambitious policy updates in Spain and Portugal signal a commitment to green reindustrialization, but strategic action is needed to secure long-term competitiveness. As the Clean Industrial Deal launches in 2025, will Iberia capitalize on its momentum and establish itself as a clean tech powerhouse?

Italy introduces regulatory changes to accelerate renewable energy permits. However, Eugenio Tranchino, Head of Italy and Partner at Watson Farley & Williams, states that the slow granting of permits and administrative inefficiency remain obstacles that jeopardize the achievement of the 2030 climate goals.

The Net Zero Industry Act (NZIA) promotes the incorporation of non-economic criteria in renewable energy auctions across Europe. In Spain, auctions have been stalled since 2022, while the sector analyzes how to adapt the mechanism to incentivize local production without compromising competitiveness.

Ludovica Terenzi, co-founder of GreenSquare Italia, emphasizes that the FER X auctions will allow for fixed prices for energy trading, ensuring financial stability and easier access for renewable companies in Italy.