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.
๐๐๐ฆ๐ฆ ๐ถ๐ ๐ฏ๐ฒ๐ฐ๐ผ๐บ๐ถ๐ป๐ด ๐บ๐ผ๐ฟ๐ฒ ๐ฝ๐ฟ๐ผ๐ณ๐ถ๐๐ฎ๐ฏ๐น๐ฒ
๐ฆ๐ฎ ๐ฎ๐ฌ๐ฎ๐ฐ – ๐ฆ๐ญ ๐ฎ๐ฌ๐ฎ๐ฑ: ๐ช๐ต๐ฎ๐โ๐ ๐ฐ๐ต๐ฎ๐ป๐ด๐ฒ๐ฑ ๐ถ๐ป ๐ฝ๐ฟ๐ถ๐ฐ๐ฒ๐ & ๐ฟ๐ฒ๐๐ฒ๐ป๐๐ฒ ๐๐๐ฎ๐ฐ๐ธ๐?
๐๐ผ๐ฟ๐ฒ๐ฐ๐ฎ๐๐๐ถ๐ป๐ด ๐ป๐ผ๐ ๐ฑ๐ผ๐ป๐ฒ ๐ถ๐ป-๐ต๐ผ๐๐๐ฒ
Weโve internalised the Spanish price forecasting exercise for sharper insights and better agility.
๐๐ฎ๐ป๐ป๐ถ๐ฏ๐ฎ๐น๐ถ๐๐ฎ๐๐ถ๐ผ๐ป
The cannibalisation of the revenues by the BESS systems has now been considered on the mFRR energy activation markets based on market activation volumes.
๐๐ฎ๐ฝ๐ฎ๐ฐ๐ถ๐๐ ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฑ๐ฒ๐๐ฒ๐น๐ผ๐ฝ๐บ๐ฒ๐ป๐๐
๐๐ป๐๐ฟ๐ฎ๐ฑ๐ฎ๐ (๐๐) ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ณ๐ผ๐ฟ๐ฒ๐ฐ๐ฎ๐๐ ๐ฎ๐ฑ๐ฑ๐ฒ๐ฑ
With more renewables and tighter balancing needs, we expect ID liquidity and spreads to grow – now reflected in revenue stacks.
๐จ๐ฝ๐ฑ๐ฎ๐๐ฒ๐ฑ ๐ด๐ฟ๐ถ๐ฑ ๐ณ๐ฒ๐ฒ๐
Forecasts reflect the 2025 grid fee values now in force.
๐๐ผ๐ป๐๐ฒ๐ฟ๐๐ฎ๐๐ถ๐๐ฒ ๐ฎ๐๐ฅ๐ฅ ๐ฒ๐ป๐ฒ๐ฟ๐ด๐ ๐บ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฎ๐๐๐๐บ๐ฝ๐๐ถ๐ผ๐ป
Weโve factored in a 50% activation chance to remain aligned with current market realities.
๐๐ผ๐ป๐ด๐ฒ๐ฟ ๐ฝ๐ฟ๐ผ๐ท๐ฒ๐ฐ๐ ๐น๐ถ๐ณ๐ฒ๐๐ถ๐บ๐ฒ๐
Business model duration is now extended to 18 years, aligning with updated degradation curves for 1.5 cycles/day.
๐๐ฎ๐๐ฒ๐๐ ๐๐๐ฆ๐ฆ ๐๐๐ฃ๐๐ซ ๐ถ๐ป๐๐ฒ๐ด๐ฟ๐ฎ๐๐ฒ๐ฑ
Our models use Q1 2025 CAPEX data for a more accurate financial outlook.
Contact us to receive the full report.