Renewables, punished on the Stock Exchange by the Government's plan to contain energy prices
The Government will approve next Tuesday at the Council of Ministers a new package of measures to contain inflation generated by the war in the Middle East and support families and professional sectors most affected.
The Spanish government will approve a new package of measures next Tuesday to contain inflation caused by the war in the Middle East and support affected families and sectors. The renewable energy company Grenergy plummeted 10% on the stock market, while Solaria fell over 4% and Acciona Energía dropped 1.4%, amid requests to reactivate the Iberian exception, a temporary mechanism approved by the EU for Spain and Portugal to limit gas prices for electricity generation.
Economy Minister Carlos Cuerpo has been in talks with social agents, affected sectors, and political groups to define the measures. The Iberian exception was previously in force from June 2022 to December 2023. Solaria is set to report a profit of €42.3 million for the first half of the year, a 47% increase from last year.
Written by urgent.news from Expansion ES's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
