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Free AccessSpain's Gas Fired Generation Online Until At Least 2030: Enagas
Spain national energy and climate plan does not foresee gas-fired generation closures until at least 2030 according to TSO Enagas via Montel.
- The operation of 26.6GW of gas-fired plants in Spain would “inevitably” stay online beyond 2030, with an exact date for closures yet to be determined, said CEO Arturo Gonzalo.
- A court ruling allows Spain’s Naturgy to mothball gas-fired plants although there has been no clarification they the company is considering shutting them down.
- Iberdrola may also be considering plans to close gas-fired generation in Spain by 2030, according to business daily Cinco Dias this week.
- Gas-fired power plants are a key backup for the security of supply in the absence of wind and solar production. “What will happen [with backup] after 2030? It’s just speculation,” Gonzalo said.
- Green hydrogen could play a “very important” role as a backup technology, he added. “This is an option as we move towards a decarbonised Europe.”
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.