Spanish hydro stocks rise to 2023 high in week 44

Spanish hydropower stocks continued their recovery amid increased rainfall to reach 10.5 TWh during the week ended Nov. 5, according to the Spanish environment ministry (MITECO), the highest weekly level so far this year. Reservoirs levels increased by 1.4 TWh from the previous week and reached 45.8% of total nominal capacity. Stocks were close to 66% higher than 2022 levels…Spanish hydropower stocks continued their recovery amid increased rainfall to reach 10.5 TWh during the week ended Nov. 5, according to the Spanish environment ministry (MITECO), the highest weekly level so far this year. Reservoirs levels increased by 1.4 TWh from the previous week and reached 45.8% of total nominal capacity. Stocks were close to 66% higher than 2022 levels…  Read More