Southern Europe - Strategic Energy Europe

The company sets its course towards 6 GW of installed capacity, consolidating its presence in Italy and developing technologies such as storage and agrivoltaics. This is stated by Ingenium, which highlights its aim for complete vertical integration to continue advancing in its decarbonization mission.

November 1, 2024
Gamesa electric reaffirms its commitment to the Spanish solar market and sees this year’s auctions as timely

The company’s CEO, Juan Barandiaran, highlights that if this year’s auctions are held, they will be key to strengthening the local industry, optimizing energy storage, and reducing dependence on foreign suppliers.

November 1, 2024
The Environmental Decree polarises the market: Accelerates large investments and penalises medium-sized plants

Feliciano Palladino, Head of Energy & Environment at NexAmm, points out that the new Environmental Decree will benefit those planning to invest in larger facilities, while those focusing on medium-sized plants will be penalised. He also notes that this will lead to a “definitive saturation of connection points,” which poses significant risks to grid resilience, considering that there are more than 300 GW with connection requests, according to data from Terna.

November 1, 2024
The Spanish government seeks to balance investments and costs in energy transmission and distribution networks

Order TED/1193/2024 establishes guidelines for modifying the financial return rate of energy transmission and distribution activities, focusing on the transition to sustainable networks and mitigating the impact of exceptional events from 2018-2023.

October 31, 2024
The Environmental Decree polarizes the market: it accelerates large investments and penalizes medium-sized plants.

Feliciano Palladino, Head of Energy & Environment at NexAmm, points out that the new Environmental Decree will benefit those planning to invest in larger installations, while those focused on medium-sized plants will be penalized. He also notes that this will lead to a “definitive saturation of connection points,” which will pose major risks to grid resilience, considering there are over 300 GW with connection requests, according to data from Terna.

October 31, 2024
Value creation and long-term vision: Iberdrola and REE lead the growth of the energy sector

Between 2017 and 2023, the growth in assets and results of companies such as Iberdrola and REE reflects a clear commitment to sustainable value creation. According to analyst Alfonso Zárate Conde, this long-term vision contrasts with the dividend-oriented strategies of other players, setting a distinct mark in the energy market.

October 31, 2024
The passage of the DANA in Valencia and new localities mobilises the energy sector

The intense rains and hailstorms caused by the DANA in Spain have resulted in severe damage to infrastructure and territories, affecting energy supply in various regions. Authorities and companies are working to restore services and assess the impact on the energy sector.

October 30, 2024
Advancement of agrivoltaic in Italy: 2.5 GW projected between 2025 and 2026

Paolo Beltrami states that regulations are attracting both large investors and farmers who are betting on self-consumption. He adds that it is expected that around 2.5 GW will be built between 2025 and the first half of 2026.

October 30, 2024
How would the permanence of the tax on energy companies affect the market?

The tax on energy companies, which raised **€1.164 billion**, creates uncertainty in investments. Although companies like Endesa and Iberdrola are growing in value, broker Jon Belda warns that the measure would affect smaller firms and polarize the market.

October 30, 2024
The EIB and Red Eléctrica promote the Salto de Chira hydroelectric power plant with a €300 million loan

It is a cutting-edge project that combines a 200 MW pumped-storage hydroelectric power plant with a desalination plant, and it is strategic for Gran Canaria. It will strengthen the island’s electrical system and provide crucial support for the guarantee and security of the electricity supply, a key issue for citizens and businesses.

October 29, 2024
Banks are distancing themselves from renewable projects without PPAs in Spain

The decline in pointing indices for photovoltaic energy and the income challenges for projects without coverage are leading banks to reduce financing for merchant projects. Projections point to a structural shift in energy investment.

October 29, 2024
Luis Marquina: Spain must strengthen its battery industry as a strategic technology

The President of AEPIBAL emphasizes the importance of a strong battery sector in Europe, noting that batteries are strategic technology for the continent. The organization has presented 10 key proposals to improve the regulation of distributed storage and ensure that Spain strengthens its battery industry.

October 29, 2024
APREN calls for a “robust PPA market” and faster licensing to meet the PNEC 2030 targets.

The Portuguese Renewable Energy Association highlights the importance of the Portuguese government supporting contracts to contribute to the bankability of projects. Additionally, they emphasize the need to speed up licensing processes and modernize the electrical grid to achieve the 20.8 GW of solar and 10.4 GW of onshore wind proposed in the PNEC 2030.

October 29, 2024
MITECO promotes 300 MW in renewable projects and rejects 181.7 MW of wind capacity

by Lucia Colaluce Keep reading

MITECO approves 118.19 MW in solar projects and rejects 181.7 MW in wind projects, mainly in Zaragoza and Cádiz. The approval highlights the PSFV Martelilla photovoltaic park, while wind initiatives will need to be rethought to advance in the administrative process.

October 29, 2024
Enerside achieves a growth of €16.5 million compared to the same period last year

The company generated a positive operating cash flow of €2.5M thanks to its asset rotation strategy and structural cost optimization exceeding 50%. Of its 7.3 GW portfolio, 17% consists of stand-alone battery projects, while 44% combines solar photovoltaic and batteries.

October 28, 2024
Solax Power aims to position itself in the Top 5 by 2025 with its inverters and storage solutions

Rodrigo Ruiz, PV & BESS Sales Director (Iberia) at Solax Power, stated that the company aims to increase its market share and position itself among the top 5 manufacturers by 2025 and in the top 3 by 2026. He also highlighted their commitment to product innovation, announcing the launch of a new inverter for utility-scale projects in December.

October 28, 2024
Spain reaches a historic low in energy dependence at 68.3% thanks to renewables.

The General Director of APPA Renovables, José María González Moya, analyzes the progress of renewables and the remaining challenges to consolidate energy independence in Spain, in a year where the sector achieved net savings of €9.5 billion in the electrical system and avoided fossil fuel imports worth €15.622 billion.

October 28, 2024
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 28, 2024
CLANER reaffirms Andalusian renewable commitment to climate change

The president of CLANER, Alfonso Vargas, reaffirmed the commitment of Andalusian renewables to the Paris Agreement and decarbonization, highlighting their crucial role in the climate fight during the International Climate Change Congress in Jerez.

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