AGP Executive Report
Last update: 3 hours agoCoal-to-gas transition: EDP’s Aboño 2 coal plant in Spain is moving away from coal after the country’s end-of-August-2025 coal shutdown rule, with the unit historically burning coal plus fuel oil and blast furnace gas. Solar & storage deal: Qualitas Energy has agreed to buy Cero Generation’s core European platform—5.8 GW of solar PV and battery storage across the UK, Italy and Spain—from Macquarie, keeping Cero’s brand post-close. Grid & resilience: Spain is pushing the EU to create a dedicated climate adaptation fund with binding targets, citing €822bn in EU losses since 1980 and rising extreme-weather costs. EU solar momentum: SolarPower Europe reports at least 33.8 GW of new EU solar capacity installed in H1 2026, with Spain and Germany leading. Energy infrastructure telecoms: Canalink has landed the first Base4 submarine cable phase at Lanzarote, strengthening eastern Canary Islands connectivity. Power market context: EU member states cleared a derogation for Ukraine to buy Patriot air-defence gear, while the UK adds £100m—another reminder of how security pressures keep energy and supply chains in focus.
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