• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Spain's solar boom meets zero prices: one in two renewable projects never gets built

FinanceInternationalXataka30 s readAI summary
Image: Xataka

Rising solar generation is pushing wholesale electricity prices to zero or even negative values during peak production hours, often below €30/MWh. According to Expansión, one in two renewable projects in Spain never materializes: of 280,400 MW planned, only about 34,200 MW were built. Storage batteries are increasingly required by banks to finance new parks.

In 30 seconds

  • Wholesale prices often fall below €30/MWh during high solar output hours, squeezing plant profitability
  • Expansión: one in two renewable projects in Spain never materializes; of 280,400 MW planned, about 34,200 MW were built
  • The Valencia region has about €4.5 billion projected, of which €800-1,000 million are expected to be operating within two years
Read the full story at Xataka

IASummary generated by artificial intelligence from a story by Xataka. It may contain errors: the original source prevails.

Comments

Be respectful. Comments reported by several people are hidden until a moderator reviews them.

You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.

    Keep reading