Spanish government provides further details in blackout update
Spain’s ecological transition minister has confirmed that the problem was not a reserve or coverage issue, nor was it due to the size of the grids. The government is also analyzing whether the fluctuations felt in Europe half an hour before the blackout were related to the incident.
Europe posts record negative power prices for 2024 as renewables rise
The number of periods when day-ahead power prices fell to zero or below hit a record 4,838 instances in Europe in 2024, driven by surging renewables, weak demand, and limited grid flexibility, says Montel Analytics.
Spain, Portugal to lead renewables in Europe, says Rystad
Norwegian consulting firm Rystad Energy has described the Iberian Peninsula as “a new European energy powerhouse.” It expects Spain and Portugal to reach 79% renewables in their combined electricity mix by 2030.
Portugal solar auction reportedly attracts €20/MWh bids
When the minister of environment and energy announced a ceiling tariff of €45/MWh, analysts speculated the price would be too low as it undercut average bidding prices in the region. Preliminary, unconfirmed results of the exercise show, however, companies are happy to bid for two-cent solar in Europe.
Portuguese 1.4 GW solar tender with €0.045/kWh ceiling receives 10 GW of applications
Despite a demanding ceiling price of €45/MWh the tender has received applications for projects with seven times the generation capacity it will allocate.
