Spain’s renewables build-out has structurally decoupled its electricity prices from gas markets.
Gas now sets the price in only 15% of hours, compared to 90% in Italy.
Countries that invested early in clean power are far less exposed to fossil fuel price shocks.


Aug. 2025, President Donald Trump said his administration will not approve solar or wind power projects, even as electricity demand is outpacing the supply in some parts of the US (before he started the Iranian fiasco). Trump posted, “We will not approve wind or farmer destroying solar. The days of stupidity are over in the USA!!!”
I was thinking about this today. It would certainly serve petroligarchs if renewables were paused and a war that only affects petrol supplies happened. Didn’t get much farther than that because of an entitlement tantrum.