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Energy market

Spain solar PPA: lowest prices in Europe (€48/MWh)

With 32 GW of solar installed, Spain has become Europe's data-center PPA eldorado. Andalusia curtails 12 TWh/year, driving 10-year solar PPAs down to €48–60/MWh. AWS, Microsoft and Meta are rushing in.

TSO

Red Eléctrica de España (REE)

Annual surplus

12 TWh

PPA price

48–60 €/MWh

Capital

Madrid

Surplus hotspots

  • Andalucía (solar)
  • Extremadura (solar)
  • Castilla-La Mancha (solar + wind)
  • Galicia (wind)

Data center hubs

  • Madrid (MAD1–4)
  • Barcelona
  • Aragón (AWS region)
  • Zaragoza

Frequently asked questions

Why is solar PPA so cheap in Spain?+

Solar LCOE of €28–34/MWh (lowest in Europe) + structural surplus = strong producer-side competition.

What PPA size can be signed in Andalusia?+

Parks listed on Voltarione range from 50 to 250 MW each, aggregatable up to 1 GW.

AWS Aragón: what procurement strategy?+

AWS has signed 2.5 GW of long-term solar PPAs in the region, mostly with Iberdrola and Endesa.

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