Spanish Photovoltaic Market Report
Real generation, revenue and performance data from photovoltaic plants in Spain during the fourth quarter of 2025.
Verified data · Official source: ESIOS (REE) and OMIE
Revenue Distribution by PlantPreview
| # | Plant | % of total | Revenue (€) |
|---|---|---|---|
| 1 | Mula | 16.6% | |
| 2 | Nuñez de Balboa | 12.3% | |
| 3 | Cedillo | 9.7% | |
| 4 | Francisco Pizarro | 9.6% | |
| 5 | Talayuela | 9.0% | |
| 6 | Tagus | 9.0% | |
| 7 | Valdesolar | 8.7% | |
| 8 | Tagus | 8.6% | |
| 9 | Talasol | 8.4% | |
| 10 | Oriol | 8.1% |
| # | Period | Plant | Province | Capacity (MWp) | Energy (MWh) | Revenue (€) | Revenue/MWp (€/MWp) | PR (%) | CF (%) | Avg Price (€/MWh) | Owner | Representative |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Q4 2025 | Mula | Múrcia | 493.7 | 138,157 | 5,755,800 | 11,658 | 95.7 | 14.3 | 41.66 | China Three Gorges | AXPO |
| 2 | Q4 2025 | Nuñez de Balboa | Badajoz | 499.1 | 97,229 | 4,278,040 | 8,572 | 89.5 | 11.4 | 44.00 | Iberdrola | Iberdrola |
| 3 | Q4 2025 | Cedillo | Caceres | 374.9 | 83,837 | 3,359,260 | 8,960 | 94.7 | 12.1 | 40.07 | Iberdrola | Iberdrola |
| 4 | Q4 2025 | Francisco Pizarro | Caceres | 589.9 | 65,010 | 3,331,370 | 5,648 | 62.4 | 6.5 | 51.24 | Iberdrola | Iberdrola |
| 5 | Q4 2025 | Talayuela | Caceres | 300.0 | 76,298 | 3,136,020 | 10,453 | 107.6 | 15.4 | 41.10 | Encavis AG | AXPO |
| 6 | Q4 2025 | Tagus | Caceres | 379.8 | 96,733 | 3,110,090 | 8,189 | 113.0 | 14.3 | 32.15 | Iberdrola | Iberdrola |
| 7 | Q4 2025 | Valdesolar | Badajoz | 263.8 | 64,038 | 3,025,720 | 11,472 | 98.2 | 13.8 | 47.25 | Repsol | Repsol |
| 8 | Q4 2025 | Tagus | Cáceres | 380.0 | 91,756 | 2,968,730 | 7,813 | 0.0 | 14.4 | 32.35 | Iberdrola | Iberdrola |
| 9 | Q4 2025 | Talasol | Caceres | 300.6 | 69,113 | 2,914,380 | 9,695 | 97.1 | 13.5 | 42.17 | Ellomay Capital Ltd | AXPO |
| 10 | Q4 2025 | Oriol | Caceres | 327.6 | 70,707 | 2,828,370 | 8,634 | 90.5 | 12.0 | 40.00 | Iberdrola | Iberdrola |
| 11 | Q4 2025 | Don Rodrigo I | Sevilla | 175.0 | 50,538 | 2,268,920 | 12,965 | 105.3 | 16.0 | 44.90 | Grupo Meag | Contigo Energia |
| 12 | Q4 2025 | Caparacena | Granada | 329.8 | 68,648 | 2,252,700 | 6,831 | 109.8 | 14.3 | 32.81 | Iberdrola | Iberdrola |
| 13 | Q4 2025 | Sabinar Hive | Cuenca | 236.0 | 58,490 | 2,240,380 | 9,493 | 102.7 | 14.8 | 38.30 | Noy Fund | Contigo Energia |
| 14 | Q4 2025 | La Isla | Sevilla | 182.5 | 45,572 | 2,022,180 | 11,080 | 95.1 | 15.0 | 44.37 | Jinko Power | NEXUS ENERGIA, SA |
| 15 | Q4 2025 | Serbal Solar | Segovia | 145.0 | 43,608 | 1,824,190 | 12,581 | 126.2 | 16.2 | 41.83 | Ib Vogt | Ignis |
| 16 | Q4 2025 | Romeral | Cuenca | 42.0 | 41,582 | 1,806,860 | 43,020 | 0.0 | 83.2 | 43.45 | Iberdrola | Iberdrola |
| 17 | Q4 2025 | Centurion | Badajoz | 155.0 | 47,581 | 1,801,450 | 11,626 | 118.9 | 15.6 | 37.86 | Endesa-Enel | Endesa |
| 18 | Q4 2025 | Puerto Real 1 | Cadiz | 133.0 | 43,176 | 1,771,710 | 13,321 | 106.9 | 16.9 | 41.03 | Capital Dynamics | AUDAX |
| 19 | Q4 2025 | Bienvenida (Calzadilla B) | Badajoz | 180.1 | 40,875 | 1,690,160 | 9,383 | 91.3 | 12.7 | 41.35 | Talanx AG | Shell |
| 20 | Q4 2025 | Olmedilla Hive | Cuenca | 136.5 | 43,966 | 1,661,790 | 12,174 | 128.2 | 17.7 | 37.80 | Noy Fund | Contigo Energia |
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Data in this report comes from official public sources: OMIE (Iberian Energy Market Operator) for market prices and revenues, and REE (Red Eléctrica de España) via the ESIOS system for electricity generation data.
Performance Ratio (PR) is calculated as the ratio between actual energy generated and theoretical expected energy based on measured irradiance. Capacity Factor (CF) is the ratio between generated energy and maximum possible energy at nominal capacity.
Revenue includes all market programs: day-ahead market, intraday sessions, technical constraints, and deviations. The average captured price is total revenue divided by total energy sold.
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