Jason Deign Markets - 11/February/2022

Isolated Iberian Peninsula unable to maximise renewables potential

The Iberian Peninsula in southwest Europe is blessed with wind and solar resources that could help the rest of the region reduce its reliance on natural gas—but whether it ends up as electricity or another energy carrier, getting it out remains difficult

Spain and Portugal could export vast amounts of renewable energy to the rest of Europe but only if there is the political will to invest heavily in sufficient infrastructure

 
PLENTY TO SPARE The Iberian Peninsula is currently a net energy importer today but a massive buildout of renewables promises to change the picture

ROUTES TO MARKET As low-cost renewable capacity builds up, the challenge for Spain and Portugal will be to find ways of moving the energy abroad

KEY QUOTE You would think it would be a no-brainer to say, “Let’s do everything possible to develop the clean energy resources of southern Europe” ...

 

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