Subscriber Webinar

TUESDAY 27 JUNE 2023 | 16:00–17:00 CEST

Navigating the New Wave of Renewables in Iberia

During the session, we will present the key insights from our latest Iberian Power & Renewables Market Forecast report released in April. We will cover our outlook on policy, technology, market outcomes, and commercial developments in the Iberian power market.

Both Spain and Portugal have ambitious decarbonisation goals targeting 74% and 80% of electricity generation from renewables, respectively, however, uncertainty remains over the amount of renewable capacity that will be installed in Iberia by 2030. Additionally, the updated National Climate Plans, scheduled to be finalised by the end of June, are expected to result in more ambitious renewables and green hydrogen targets. In anticipation of increased renewables buildout following these updates and the mass approval of over 73 GW of Environmental Impact Assessments (EIA) in Iberia, we will explore some of the key uncertainties in our forecast around renewable buildout. We will apply sensitivities over the renewable build-out in our Central Scenario until 2030 and examine the measures required to mitigate the impact on capture prices.

In this webinar, we will discuss the following key questions:

  • What is our latest power price projection for the Iberian power market? How does this compare against our previous forecasts?
  • To what degree will higher renewables targets be reached in our Central Scenario? Which barriers remain with the government’s plans for accelerating renewables buildout now that so many projects have received a positive EIA?
  • How will an increase in renewable capacity affect capture prices in the short and long term?
  • How is the system expected to respond to a short-term acceleration of renewable buildout? How can developers mitigate the impact of lower capture prices?
  • To what extent will the different rates of renewables build out in Portugal and Spain cause prices in the Iberian market to diverge?

Subscribers Only

This session is for GB Power Market and GB Renewables subscribers only.


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