Grupo ASE: Renewables beat the record, with 61.7% of the mix and lowering the price of electricity to 40 €/MWh. Wind has covered 32.2% of the mix, hydro 15.4% and photovoltaic 11.6%, while gas and coal only account for 8.1%. Spanish electricity futures are 15-25% lower than those of the German market, the European benchmark. The daily wholesale market price (POOL) for February was 40.00 €/MWh. This is 46% lower...

Repsol is looking for a partner for a portfolio valued at €800 million in an operation that has been christened as Project Ebro; Endesa is looking for an ally to help it develop projects valued at €2,000 million (Project Ra); and Iberdrola is looking for a travelling companion to install renewables for €7,000 million (Project Maverick) in the USA. The three major Spanish energy companies account for almost half of...

The daily price of the Spanish wholesale market (POOL) this month, up to 19 April, stood at €64.05/MWh. This is 28.35% lower than in March and 66.6% lower than a year ago. The 34.6% increase in photovoltaic production, together with the low demand for energy due to Easter and the containment in the price of gas, have led to the collapse of prices in the central hours of the day....

Banc Sabadell | The Council of Ministers gave the go-ahead to the extension of the Iberian exception (gas cap) until the end of the year, which would already have the approval of the EC. The formula has been modified, the main new feature of which is that the price increase curve will be “longer” and “smoother” than last year. If the curve of the gas cap was increasing, until now,...

Alphavalue/Divacons | The chairman of the Spanish utility, Ignacio Sánchez Galán, said that it is necessary to “run” and “accelerate” the commitment to a system based on clean energy so that Europe does not continue “with the anguish” of energy supply that it is experiencing and makes progress towards the self-sufficiency that “renewable energies provide”. On the other hand, Iberdrola (IBE) and Haizea Wind Group signed a contract worth more...

Sabadell: According to press reports, the sale of 49% of a portfolio of 1,200MW of renewable assets could be closed in January. Norges would be the most likely buyer, although Pontegadea could also be in the final stages of the bidding process. The intention to sell this stake was announced in September and IBE’s goal is to find a strategic partner to help it boost its renewables in Spain. The...