by Ekrem Duman | Sep 1, 2026 | Spain Energy & Utilities, Startup
⚡ TL;DRSpain has built one of the world’s largest renewable fleets and discovered the problem that follows: the more solar a market installs, the less each additional panel earns. Midday wholesale prices collapse toward zero and periodically go negative,...
by Ekrem Duman | Sep 1, 2026 | Spain Energy & Utilities, Startup
⚡ TL;DROn 28 April 2025 the Spanish electricity system collapsed at 12:33, taking Portugal with it. Spain lost roughly 15 GW of generation — around 60% of supply — within seconds, at a moment when renewables were providing about 78% of output. The...
by Ekrem Duman | Sep 1, 2026 | Spain Energy & Utilities, Startup
⚡ TL;DRNaturgy is Spain’s largest gas company and a substantial electricity operator, and for several years its ownership has been more discussed than its results. In 2025 it reported net profit of €2.023bn, up 6.4%, on sales of €19.455bn with...
by Ekrem Duman | Sep 1, 2026 | Spain Energy & Utilities, Startup
⚡ TL;DRRepsol is Spain’s integrated energy company: upstream oil and gas, refining, a large Iberian retail network and a growing renewables business. In 2025 it reported net income of €1.899bn, up 8%, while adjusted net income fell 15% to...
by Ekrem Duman | Sep 1, 2026 | Spain Energy & Utilities, Startup
⚡ TL;DRIberdrola is Europe’s largest utility by market value and it has spent a decade converting itself from a Spanish power generator into a regulated network operator with global reach. In 2025 it reported net profit of €6,285m, up 12%, on...
