The Strait of Hormuz crisis temporarily relieves the finances of Spanish renewables

FinanceInternationalEl ConfidencialOct 25, 2026, 11:00 PM45 s readAI summary

The blockade of the Strait of Hormuz drove up gas and electricity prices, giving breathing room to hundreds of Spanish renewable plants, especially solar ones, that were struggling to repay their loans. Forecasts for the end of 2026 point to revenues of between 35 and 40 euros per MWh, compared with the just over 20 euros expected before the crisis. UNEF had requested a 945 million euro line from the ICO for some 10,000 MW in difficulties.

In 45 seconds

Higher gas prices driven by the Hormuz crisis lift projected solar plant revenues to 35-40 euros per MWh for the end of 2026.
Solar projects need around 30 euros per MWh to service their debt, compared with the just over 20 euros expected before the crisis.
UNEF asked the ICO for a 945 million euro line to support some 10,000 MW of installations with financial difficulties.

Read the full story at El Confidencial

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

renovables
energía solar
gas
España
financiación

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The Strait of Hormuz crisis temporarily relieves the finances of Spanish renewables

In 45 seconds

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Keep reading

IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

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