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Galp Expects Higher Iberian Power Prices in 2H

POWER

Galp anticipates Iberian power prices to recover in 2H24, while its solar deployment in the region has slowed amid licensing delays, it said.

  • “We have already seen now on the first month of the third quarter a very substantial recovery of power prices in Iberia, Galp’s COO Renewables Georgios Papadimitriou, cited by Montel
  • The company plans to install another 100MW of solar and to start construction on several other projects by the end of 2024, it added.
  • This would push its Iberian PV capacity to 1.6GW at year's end.
  • Italy Base Power OCT 24 down 1.4% at 107.85 EUR/MWh

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