Madrid | Power & renewables briefing 2023

Power markets and profitability

There has been much upheaval within Spanish power markets over the last few months as the price cap placed on power pricing in 2022 has limited profit generation for renewables generators. Although this was intended as a temporary measure, the EU is now pushing proposals for longer term overhauls of power markets – this will have an impact on renewable project profitability. Join our experts in Madrid as they delve deeper into the power market and provide an outlook for the opportunities and challenges that lie ahead.

We will also be taking this opportunity to celebrate five years of our Wood Mackenzie Madrid office.

During the in-person briefing, Wood Mackenzie will discuss:

  • Investment outlook for renewables
  • The Iberian power market outlook
  • European renewables supply chain outlook
  • Renewables route to market without auction support


  • Alex Perez, Senior Research Analyst, European Power & Renewables
  • Ana Fernandez, Senior Research Analyst, European Power & Renewables
  • Apostolis Valassas, Senior Associate, Supply Chain Intelligence
  • Murray Douglas, Research Director, European Power & Renewables
  • Fireside chat speaker with an EDPR  representative.




Registration and refreshments 




Welcome and opening presentation 

Europe Power Markets Through Uncertainty 

  • Wood Mackenzie within Spain 
  • New capabilities within the P&R space
  • Investment outlook for Renewables


Fireside chat session with Q&A

With an external representative from EDPR




First presentation with Q&A

Iberian Power Market

  • Analysis of the legacy of the Iberian price exception enacted in 2022
  • The 2022/2023 European winter energy crisis that did not come to pass
  • The impact of impending power market proposals throughout the EU
  • Evolution of power market pricing – both short-term in long-term in the context of crisis







Second presentation with Q&A

European Renewables Supply Chain Outlook

  • Key metals and freight outlook in 2023
  • Impact of commodity inflation/volatility on equipment and service costs
  • Overview of wind CAPEX estimates in Spain and across Europe




Third presentation with Q&A

Hydrogen in Europe:  from here, there and everywhere?

  • Policies in and beyond Europe shaping the hydrogen landscape
  • The hydrogen trilemma – balancing security, sustainability and affordability
  • Delivering the project pipeline – the shift towards project execution




Q&A and end of event




 Joint networking and 5th year anniversary celebration



H10 Puerta de Alcala

66 C/Alcala E - 28009 Salamanca Neighbourhood, Madrid, Spain

The hotel - H10 Puerta de Alcala