How Iberia Escaped Europe’s Energy Crisis ...Middle East

OILPRICE - Economy
How Iberia Escaped Europe’s Energy Crisis
source : OILPRICE ( Middle East ) () 16
Iberia is well positioned to compete with – or even replace – Northern Europe’s existing energy industrial hub as sectors in Spain and Portugal can call on abundant sunshine, strong winds and mature gas infrastructure as well as a wealth of industry and managerial expertise. With reliable gas supply from North Africa, lower power prices compared to the rest of Europe, and a renewable energy pipeline that stands out on the continent, Spain and Portugal have the potential to evolve into a new European energy powerhouse, according…

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