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Spain’s bulging solar queue spells risk of oversupply, price volatility

September 19, 2023 Comments Off

A looming grid connection deadline for solar projects in Spain is driving an unprecedented rush to build gigawatts of new capacity, but the solar ramp-up is already having significant cannibalization effects in the country’s power market. More than 55 GW of solar projects have secured access to the Spanish grid and must be built before the end of June 2025…