The growth of renewable energy in Spain and Europe has been accompanied by a structural challenge: the lack of a predictable pricing system that allows developers to guarantee stable returns over time.

The high volatility experienced in recent years has generated significant uncertainty in the sector, affecting both industrial producers and consumers.

This topic was discussed at the Storage, Renewable and Electric Vehicles Integration Forum, a virtual event held on Tuesday 18 (eMobility Leaders) and Wednesday 19 February (Energy Leaders), organised by Strategic Energy Europe, bringing together leading companies in the energy and electric mobility sector to discuss the challenges and opportunities of the future.

During the panel of experts on renewable energy and storage financing, industry experts agreed on the need to reform the electricity market structure to stabilize costs and provide greater security for investors and financial institutions.

Óscar Martín , CFO of Ingenostrum , warned that this situation prevents developers and investors from planning for the long term, which slows down the signing of power purchase agreements and makes it difficult to access financing.

“We are still waiting for a reform in price formation that the current government hinted at after the high volatility experienced in the market during 2022 and 2023,” he noted.

He also explained that constant price changes affect the cost structure of renewable projects, creating uncertainty for both producers and buyers.

In this context, the lack of a predictable framework limits the viability of PPAs, a key tool for ensuring the financial stability of clean energy investments.

For Martín, this not only affects producers, but also impacts energy buyers, who seek to ensure competitive prices in the long term.

The lack of stabilization mechanisms forces many companies to postpone signing agreements, slowing the development of new solar and wind farms.

“The sector urgently needs a clear pricing framework that provides predictability and confidence to the stakeholders involved,” he said.

Ingenostrum believes that implementing a capacity market could be one of the key solutions to reducing price volatility and providing incentives for energy storage projects.

In this regard, the company is committed to greater investments in batteries and backup technologies, which will allow it to better manage the intermittency of renewable energy and avoid extreme fluctuations in market prices.

“Storage needs to become more widely implemented, not so much in Europe, but in Spain,” Martín emphasized, emphasizing that the lack of adequate incentives has delayed its development in the country.

A new business model for Ingenostrum

Beyond the debate on market regulation, Ingenostrum is moving forward in its transformation towards an Independent Power Producer (IPP) model .

The company, which has historically focused on project development, now seeks to manage its own renewable generation assets, ensuring long-term stability in an increasingly competitive environment.

One of the strategic focuses of this transition is the integration of data centers with renewable generation , a growing segment due to the increase in energy consumption in the digital age.

This combination allows technology companies to secure a stable and clean electricity supply, while generators diversify their portfolio with long-term supply contracts.

The event made it clear that the renewable energy sector is at a turning point. The need for price-setting reform, a push for storage, and the creation of a capacity market will be key to ensuring the sector’s stability and sustained growth in the coming years.

This double-day event was the first of the year, organized by Strategic Energy Corp. , a company that is part of Future Energy Summit (FES) , a leader in the production of renewable energy meetings in Latin America, where the main companies in the sector at a global and regional level participate in forums that prioritize debate and networking for progress towards an energy transition.

It is worth noting that on June 24, at Colegio Caminos (Auditorio Betancourt, C. de Almagro, 42, Chamberí) in Madrid, the third edition of FES Iberia 2025 will take place ( relive the previous edition ), with the participation of companies such as Iberdrola, Nextracker, Engie, Grenergy, Statkraft, Acciona Energía, Red Eléctrica, EDP Renewables, as well as prominent representatives from the Autonomous Communities and Latin America, where key topics such as solar and wind energy, storage, green hydrogen, distributed generation, PPAs, tenders and new projects are discussed.