Clean Horizon’s latest Spanish price forecast report for Semester 1, 2025, released in March, delivers essential updates reflecting the evolving energy market landscape and its implications for Battery Energy Storage Systems (BESS) in Spain.

𝗕𝗘𝗦𝗦 𝗶𝘀 𝗯𝗲𝗰𝗼𝗺𝗶𝗻𝗴 𝗺𝗼𝗿𝗲 𝗽𝗿𝗼𝗳𝗶𝘁𝗮𝗯𝗹𝗲

• Thanks to advances in technology, BESS systems now offer longer operational lifetimes – meaning more time to generate revenues.
• CAPEX costs have also dropped significantly from late 2024 to early 2025, improving overall project profitability.

𝗦𝟮 𝟮𝟬𝟮𝟰 – 𝗦𝟭 𝟮𝟬𝟮𝟱: 𝗪𝗵𝗮𝘁’𝘀 𝗰𝗵𝗮𝗻𝗴𝗲𝗱 𝗶𝗻 𝗽𝗿𝗶𝗰𝗲𝘀 & 𝗿𝗲𝘃𝗲𝗻𝘂𝗲 𝘀𝘁𝗮𝗰𝗸𝘀?

𝗙𝗼𝗿𝗲𝗰𝗮𝘀𝘁𝗶𝗻𝗴 𝗻𝗼𝘄 𝗱𝗼𝗻𝗲 𝗶𝗻-𝗵𝗼𝘂𝘀𝗲
We’ve internalised the Spanish price forecasting exercise for sharper insights and better agility.

𝗖𝗮𝗻𝗻𝗶𝗯𝗮𝗹𝗶𝘀𝗮𝘁𝗶𝗼𝗻
The cannibalisation of the revenues by the BESS systems has now been considered on the mFRR energy activation markets based on market activation volumes.

𝗖𝗮𝗽𝗮𝗰𝗶𝘁𝘆 𝗺𝗮𝗿𝗸𝗲𝘁 𝗱𝗲𝘃𝗲𝗹𝗼𝗽𝗺𝗲𝗻𝘁𝘀

• Spain will move forward with T-5 and T-1 auctions.
• T-5 contracts may cover up to 50% of an asset’s lifetime.
• Key details (like de-rating factors, stress hours) remain unclear, but our models account for reasonable assumptions.

𝗜𝗻𝘁𝗿𝗮𝗱𝗮𝘆 (𝗜𝗗) 𝗺𝗮𝗿𝗸𝗲𝘁 𝗳𝗼𝗿𝗲𝗰𝗮𝘀𝘁 𝗮𝗱𝗱𝗲𝗱
With more renewables and tighter balancing needs, we expect ID liquidity and spreads to grow – now reflected in revenue stacks.

𝗨𝗽𝗱𝗮𝘁𝗲𝗱 𝗴𝗿𝗶𝗱 𝗳𝗲𝗲𝘀
Forecasts reflect the 2025 grid fee values now in force.

𝗖𝗼𝗻𝘀𝗲𝗿𝘃𝗮𝘁𝗶𝘃𝗲 𝗮𝗙𝗥𝗥 𝗲𝗻𝗲𝗿𝗴𝘆 𝗺𝗮𝗿𝗸𝗲𝘁 𝗮𝘀𝘀𝘂𝗺𝗽𝘁𝗶𝗼𝗻
We’ve factored in a 50% activation chance to remain aligned with current market realities.

𝗟𝗼𝗻𝗴𝗲𝗿 𝗽𝗿𝗼𝗷𝗲𝗰𝘁 𝗹𝗶𝗳𝗲𝘁𝗶𝗺𝗲𝘀
Business model duration is now extended to 18 years, aligning with updated degradation curves for 1.5 cycles/day.

𝗟𝗮𝘁𝗲𝘀𝘁 𝗕𝗘𝗦𝗦 𝗖𝗔𝗣𝗘𝗫 𝗶𝗻𝘁𝗲𝗴𝗿𝗮𝘁𝗲𝗱
Our models use Q1 2025 CAPEX data for a more accurate financial outlook.

Contact us to receive the full report.