Approximated damages from Spain's power outage set at 1 billion euros
Spain and Surrounding Regions Stricken by Major Power Outage
Business insiders hint that the financial impact of the recent widespread power outage—which occurred on April 28, 2025—is yet to be fully assessed. As of now, estimates suggest Spain's GDP is approximately $4.1 billion per day, with 14% ($575 million) allocated to the industrial sector and 12% ($500 million) to the services sector, according to The Objective.
Many factories opted to stop production amid the unpredictable power supply scenario and authoritative appeals to conserve electricity for essential purposes. The power failure stretched across the Iberian Peninsula, engulfing Spain, Portugal, Andorra, and southern France. However, both Spain and Portugal have since fully recovered, as confirmed by their respective leaders. In France, the outages were brief.
The Spanish Prime Minister, Pedro Sánchez, announced that power demand has been nearly fully restored, at 99.95%, with all power transmission stations restored. This information was shared on his X account (formerly Twitter), while Portugal's operator, E-Redes, made a similar announcement on their platform, Diario de Noticias reported.
Portugal’s government reveled that 6.4 million subscribers have resumed normal power supply, save for 800 consumers experiencing issues unrelated to the incident. Train traffic has resumed, and shops are gradually reopening. Nevertheless, flight delays persist, Diario de Noticias noted.
The root cause of the power outage continues to baffle investigators. Speculations abound, ranging from fires in France to cyberattacks. The French RTE disputed reports of a fire on a power line between Narbonne and Perpignan. Meanwhile, Portugal’s REN asserted that the power disruptions in Portugal were triggered by an unusual atmospheric phenomenon, dubbed "induced atmospheric vibration." The company postulated that sudden temperature changes in Spain caused "abnormal fluctuations" in high-voltage power lines, thereby leading to the blackout. Portuguese Prime Minister, Luís Montenegro, insisted that there were no signs of a hacker-induced power failure. Spain's Red Electrica corroborated this statement, denying that the outage was the consequence of a cyberattack.
While Pedro Sánchez acknowledged that Spain lost a staggering 15 gigawatts (GW) of electricity in just five seconds, equivalent to 60% of the nation's demand, the exact culprit behind the crisis remains elusive.
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Tags: #Spain, #Electricity
- Investigators are still baffled by the root cause of the recent widespread power outage in the Iberian Peninsula, with speculations ranging from fires in France to cyberattacks.
- The Spanish Prime Minister, Pedro Sánchez, revealed that Spain lost 15 gigawatts (GW) of electricity in just five seconds, equating to 60% of the nation's demand during the power outage.
- As of now, the industrial sector in Spain allocates 14% ($575 million) of the country's approximate $4.1 billion daily GDP, according to The Objective.
- Technology companies and businesses in the Iberian region are closely monitoring the situation to assess the potential impact on their operations.
- While France's outages were brief, the Spanish and Portuguese governments have announced nearly full power restoration, with the exception of 800 consumers in Portugal facing ongoing issues unrelated to the incident.
