The Spanish Solar Boom Is Turning Into a Fire Sale ☀️
Over the past years, billions in venture and growth capital have poured into Spain’s photovoltaic sector. Everyone raced to build capacity, driven by hype and the promise of fast returns.Now, a large number of solar projects are up for sale. Prices have collapsed from €200,000 per megawatt to €80,000 or less, while capture prices have dropped below break-even. Demand is flat, storage is scarce, and delayed auctions plus inconsistent incentives have added to the chaos. 💰
This isn’t a failure of solar itself. It’s a clear warning: when capital floods in without proving unit economics, overcapacity and write-downs are inevitable.We’ve seen the same pattern in other sectors like e-mobility, battery recycling, or AI. At STYX, we’re entrepreneurs first, not hype investors. Sustainable growth needs patient capital, proven models, and realistic assumptions & our Urban Living Labs provide exactly that! 🌇
