Companies in the Ibex 35 most exposed to data centres led the session's gains. Solaria advanced by over 6% following the Government's new proposal for the royal decree.
Companies in the Ibex 35 most exposed to data centres led the session's gains, while the banking sector fell by nearly 1%. According to elEconomista, Solaria rose by over 6% after the latest proposal from the Government regarding the royal decree on data centres.
The new text makes it easier for these facilities to certify renewable supply and includes a transitional period of five years, linked to the automatic reduction of electricity demand. According to the proposal, the percentage of consumption that must be covered by new renewable generation decreases from 80% to 60% during peak hours by the end of 2028, and to 70% in five years. The timeframe for launching new renewables extends from 18 to 36 months. The CNMC had previously requested to relax the additionality requirement and the hourly correlation.
Merlin Properties also rose, with a stake in the data centre business and associated with CoreWeave, which rebounded by 1.9% after thirteen consecutive weeks of declines. Ferrovial advanced by over 8%, driven mainly by figures from its megacontract in the United States rather than its data centre business.
The rebound is not enough to reverse Solaria's decline since April, which is close to 40%. So far this year, the value has accumulated a 16% drop, while the European renewable generator sector has fallen nearly twice as much. Market consensus places the company's upside potential at 43%, up to 21.8 euros per share.
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