Conflict as catalyst

War in the Middle East is adding pressure to an already turbulent solar and storage supply chain, but is likely to accelerate the energy transition in the long run, writes Rystad Energy analyst Fei Chen.

Issue 05-2026 Issue 2026

While Russia’s invasion of Ukraine led to soaring gas prices for much of Europe in 2022, Spain’s day-ahead power market did not follow the European TTF gas price benchmark. The Iran war has had a varying impact on power prices in different markets.

Image: William Rudolph/Unsplash

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