Grid capacity is quietly becoming the scarcest — and most valuable — asset in European renewables.
This week’s headlines make the case: transmission upgrades unlock megawatts, blended finance unlocks gigawatts, and UAE capital keeps threading through Africa’s biggest solar-storage builds.
What we’re tracking today:
Spain and Portugal switched on a new 400kV interconnector between Beariz and Vila Nova de Famalicão, lifting cross-border capacity by 1,000 MW (to 4,200 MW Spain-to-Portugal, 3,500 MW the reverse) and unlocking an estimated 281 GWh/year of extra renewable integration. For Iberia-focused developers, that’s more headroom on the queue that matters most.
In Egypt, the Emerging Africa & Asia Infrastructure Fund committed a further USD 30 million to Hassan Allam Utilities for the Minya project — 1 GW of solar plus 660 MWh of battery storage, co-developed with Infinity Power, the Masdar–Infinity joint venture. One of the largest single solar-plus-storage assets on the continent.
Green Guarantee Company mobilised USD 70 million for African electrification: a USD 20 million guarantee backing Nigerian mini-grids under the DARES programme, plus USD 50 million supporting an LSE-listed green bond SPV.
At Persimmon Investments, that’s the map we invest against.