How Will the2025 Iberian Blackout Reshape Solar Project Finance and Development?

Synopsis

The massive blackout that struck Spain and Portugal in April 2025 wasn’t just a technical grid failure—it has become a pivotal moment reshaping solar project economics across Europe. As grid operators implement stricter interconnection requirements and lenders reassess project risk profiles, solar developers face a transformed landscape. This session brings together financial institutions, developers, and technical experts to explore how the industry is adapting to new realities where grid stability capabilities directly impact project bankability and returns.

• Emerging lender requirements for grid-supportive capabilities in solar projects and their impact on financing terms
• How technical due diligence processes are evolving to assess grid stability contributions and compliance risks
• The shifting economics of solar+storage versus standalone solar as grid services become revenue opportunities
• Strategic approaches to site selection and interconnection planning in capacity-constrained grids
• Developer experiences navigating new grid code requirements and compliance timelines
• Investment implications of regulatory responses to the blackout across European markets
• Competitive advantages for developers who proactively address grid stability in their business models