In a recent move, the Spanish government looks forward to increasing by 62% a cap that is set on how much companies can actually invest in power grids by 2030 so as to draw more investment, said Sara Aagesen, the energy minister.
According to her, with 62% grid investment cap rise she expects the investments tied to the trunk network of 13.59 billion euros between 2025 and 2030.
Apparently, a massive blackout that hit Spain and Portugal on April 28, 2025, reignited a debate pertaining to the investment needs in the power networks of the country. As per the Spanish rules, the amount of money that the energy companies can pour into the networks every year happens to be limited to a small percentage of the nation’s gross domestic product, since at the end of the day, it is the consumer who ultimately bears the cost with the bills.
As Spain proposes 62% grid investment cap rise, investments within the local distribution grids would rise by 7.7 billion euros from the present limits, while the ones that are in the transport grid, which happen to carry the power from the power stations to the local grid, would go on to rise by 3.6 billion euros, said Aagesen.
REE, which is Spain’s grid operator and owned by Redeia opens new tab, manages the trunk grid and carries out the investments that have been envisaged in the government plans.
Iberdrola, as well as Endesa, the power companies, control and at the same time also invest in local distribution grids, which happen to take the electricity to the final customers.
Aagesen said that Spain goes on to anticipate 27.7 GW of new demand, like the one from the data centers, in the transport grid by 2030.
A massive increase in the renewable power generation of Spain in the past few years has gone on to decrease the prices of renewable energy, therefore creating a fresh demand as well as interest among the investors, Sara Aagesen said.
The government is going to set up a committee so as to work on optimizing the usage when it comes to its networks, confirmed Aagesen, further adding that the country granted access to power networks for some 43 GW of fresh demand between 2020 and 2024.
