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.
The updated hydrogen infrastructure map in Europe highlights the sector’s growth with over 600 projects in production, transmission, storage, and distribution. Among them, the new projects presented to TYNDP2024 solidify their role in the energy transition.
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.
The Netherlands is implementing ambitious projects to transform its energy infrastructure. With comprehensive planning, the country is heading towards energy sustainability through investments in renewable energies, hydrogen systems, and the modernization of electricity grids.
This was achieved thanks to the global success of the Tiger Neo N-type module and the international expansion of factories, such as the new plant in Saudi Arabia. JinkoSolar is driving the transition to sustainable solar energy.
The BOE of December 11, 2024, includes key resolutions on photovoltaic and storage projects. Notable among them is the approval of the Gecama Hybrid Plant, with 250 MW of solar generation and 100 MW of storage, and the rejection of several projects in León. These decisions reflect the challenges and progress within the framework of the PNIEC and Spain’s MITECO strategy.
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.
France promotes the development of offshore wind energy through the AO auction mechanisms. It recently published the pre-selected candidates for AO9, amounting to 2.7 GW, and announced AO10 for 9.2 GW. Rafael Menéndez Cuiñas states that there are 16,000 km², representing over 80 GW, identified for future developments from 2030 to 2040.
The UK’s Department for Energy Security and Net Zero announced its commitment to developing a business model to support the deployment of Hydrogen in Energy (H2P). This technology will be crucial for the transition to a clean and flexible energy system, replacing unabated gas generation and contributing to net zero emission targets.
Enagás strengthens its leadership in the European hydrogen sector with this key appointment to the European Network of Network Operators for Hydrogen (ENNOH).