IGNIS Energía enters Portugal’s electricity markets with its representation business

IGNIS Energía, the Spanish group’s leading company in asset representation in the electricity market and participation in ancillary services with renewables in Spain, has made a strong entry into Portugal. Since mid-2024, when it began representing and operating renewable plants in the Portuguese electricity markets managed by the Iberian Market Operator (OMIE), the company has already surpassed 100 GWh of generated energy.

Portugal has been chosen by IGNIS Energía as the first region for expanding its renewable plant representation business. The goal is to leverage its extensive experience in electricity markets and collaborate with generators to optimize their participation in ancillary services, thereby increasing the competitiveness of renewable assets.

IGNIS Energía has an ambitious expansion plan in Portugal, aiming to represent more than 1 GW of renewable assets by the end of 2025. The company is currently working with REN, the Portuguese system operator, to complete the full enablement in various ancillary services and to participate in all Portuguese markets with renewable plants, a milestone expected to be achieved by early 2025.

The company’s trajectory in Spain has been exponential. Since it started representing power plants in the Spanish electricity market in 2019, it has grown over the past five years from representing 500 MW to over 7,500 MW across all types of technologies. IGNIS Energía is a key player in Spain’s flexibility markets and has been a pioneer in Europe in operating renewables within ancillary service markets. It is the leading independent company in secondary regulation (aFRR) in Spain.

Santiago Bordiú, CEO of IGNIS Energía, stated: “We are delighted to operate in the Portuguese market and collaborate with REN and energy generators to participate in the system’s ancillary services, thereby facilitating the growing integration of renewables.”

Additionally, José Ramón Arechederra, Head of the Energy Management Division, commented: “With this milestone, we begin the geographical expansion of our firm commitment to helping independent generators maximize the value of their assets in energy markets.”