Initiatives to Promote Cross-Border Transmission in Iberia

Synopsis

How to leverage the region’s position as the lowest-cost producer of decarbonised energy in Europe? With almost 100GW of PV expected to be installed between the two countries by 2030, according to updated NECP targets, counteracting price cannibalisation and negative power prices is an urgent priority. Cross-border transmission could be key to this challenge, maximising market value, and mitigating the risks of price cannibalisation and negative power prices.