Spanish energy firm Zelestra and Portuguese utility EDP have signed what they call the “first” solar-plus-storage power purchase agreement (PPA) in the Spanish renewables market.
According to a report from the International Renewable Energy Agency (IRENA), the global levelised cost of electricity (LCOE) for solar PV reached US$0.043/kWh in 2024.
Spanish energy utility giant Iberdrola has recorded over €3.5 billion in net profits in the first half of 2025 as it continues to expand investments in grid networks and high-value markets.
The Spanish Congress of Deputies has toppled the royal decree-law aimed at reforming the grid after the 28 April blackout, which affected the Iberian Peninsula.
