In-depth

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Perspective
30 July 2026

Price collapse forces tweaks to Spanish merchant solar

In:
Renewables
Region:
Europe
Contributor...
Lenders and lawyers are working to reprofile the 2019-22 vintage of Spain's merchant solar projects that closed based on power price curves that have since collapsed. Banks are leaning in as projects undergo covenant amendments and tenor extensions - or co-location with BESS.

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