Market price volatility has created favorable conditions for storage, with the price spread between the highest and lowest hourly electricity prices reaching €28. 4/MWh in April 2024—significantly above previous years' averages. . The Spanish energy market is gradually emerging as the frontrunner in decarbonising power generation segment. The energy crisis of 2022 helped reinforce the policy resolve. The government's draft climate strategy plan document aims for an over 80% renewable energy penetration by 2030. The grid. . The Spain Solar Energy Market size in terms of installed base is expected to grow from 47. 95 gigawatt in 2025 to 78. 36% during the forecast period (2025-2030). Rapid capacity growth already lifts solar to 21% of national electricity generation, well ahead of the. . This abundance of flexible hydro generation helped mask the growing solar pressure on prices, keeping daily spreads relatively compressed at around €73/MWh despite massive solar buildout. These compressed spreads have lowered the energy arbitrage opportunity for batteries. However, despite another. . ctricity prices now stand at over EUR 0. 30/kWh on ave MW/2. 82 GWh will receive EUR150 millionunder the program. A further 10 thermal storage sites will receive EUR6. 48 milli n and add 88. 27 MWh of capacity to Spain's grid. During the first half of the month, the daily average price in the wholesale electricity market stood at €14. 7/MWh, the lowest level recorded for this time of year since records began.
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