POWER: Spanish Hydro Stocks Edge Higher
Dec-27 15:44
Spanish hydropower reserves last week - calendar week 51 – edged up to 51.5% of capacity as wind generation increased, demand fell and nuclear generation picked up, data from Spain’s Environmental Ministry showed.
- Spanish hydropower generation from reservoirs last week decreased by 653MW to 2.01GW. Output from pumped storage edged down by 213MW to 634MW, with run-of-river generation stable on the week 1GW.
- Nuclear generation in Spain last week rose to 5.47GW from 5.1GW the week prior amid Endesa’s 992MW Asco 2 nuclear reactor ending its unplanned maintenance around 19-20 December.
- Endesa’s 996MW Asco 1 nuclear reactor returned a bit later on 26 December.
- Gas-fired generation last week decreased sharply by 4.56GW to 6.25GW.
- Fossil-fired generation dropped as wind output in Spain last week rose by 3.23GW to 9.03W. Solar PV output was up last week at 3.43GW from 3.2GW.
- Power demand in Spain last week declined to 28.99GW from 29.57GW the week before.
- The hydro-intensive region of Huesca saw no precipitation again last week, limiting inflows into reserves.
- Looking ahead, the latest ECMWF forecast suggests limited precipitation in Huesca for the remainder of this week, with rainfall expected to pick up over 3-4 January to be at around 5mm.
- Mean temperatures in Madrid are forecast between 3.5C and 4.8C over 28-1 January compared to the seasonal average of around 5.1C.
Wind output in Spain for the remainder of this week is forecast between 1.9-2.5GW, or just 7-9% load factors during base-load hours according to SpotRenewables.
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