Fouvry GraphFinancials

Europe's official grid authority has released its report on the nationwide blackout that hit Spain last year. And while the report treads carefully politically, its data make the cause clear. Wind and solar triggered the collapse. Within the first 80 seconds, Spain lost 2.5 GW of generation, around 10% of its national supply, with every MW of that early loss coming from renewables. Gas and hydro remained stable until the cascade was already underway. The report calls it an unprecedented speed of blackout. This was a textbook inverter chain failure, with renewables dropping so fast that the grid's stabilizers never had time to react. By midday, Spain's grid had virtually no inertia, nothing spinning fast enough to hold frequency steady. But to admit that outright would mean questioning Europe's green transition itself, something the report appears unable to do. So the event is officially described as "a rare local disturbance," rather than what it actually was... A systemic failure of weather-dependent power.

Europe's official grid authority has released its report on the nationwide blackout that hit Spain last year. And while the report treads carefully politically, its data make the cause clear. Wind and solar triggered the collapse. Within the first 80 seconds, Spain lost 2.5 GW of generation, around 10% of its national supply, with every MW of that early loss coming from renewables. Gas and hydro remained stable until the cascade was already underway. The report calls it an unprecedented speed of blackout. This was a textbook inverter chain failure, with renewables dropping so fast that the grid's stabilizers never had time to react. By midday, Spain's grid had virtually no inertia, nothing spinning fast enough to hold frequency steady. But to admit that outright would mean questioning Europe's green transition itself, something the report appears unable to do. So the event is officially described as "a rare local disturbance," rather than what it actually was... A systemic failure of weather-dependent power.

Europe spent years debating whether the energy transition was affordable. Spain quietly answered the question: gas now sets its electricity price in only 7% of hours (in Italy is 90%). Strategic autonomy must be built in advance, in wind farms, solar parks, and grid investment, or it isn’t built at all. The countries still exposed to fossil fuel price shocks didn’t lack the warnings. They lacked the will.

The reason it matters if Netanyahu is dead is because the West is slowly normalizing taking out Global South leaders. Therefore it is important that they know it can happen to them! Then they’ll stop normalizing it! The second reason is that if Iran can take out Netanyahu in Tel Aviv without leaving home, exactly ZERO of these cowards will ever set foot in Tel Aviv again! Jared Kushner and Steve Witkoff have NOT rescheduled their meeting! How long will Tel Aviv be Tel Aviv if all Western leaders are afraid to go there? Thats why it matters….