Visit windpowermonthlyevents.com for the latest on our upcoming conferences and webcasts

Spain

Spain

Spain announces new 3GW auction

SPAIN: Prime minister Mariano Rajoy has announced procedures have begun for a new 3GW renewables power auction, the country's third to date.

Spanish prime minister Mariano Rajoy (pic: European People's Party)
Spanish prime minister Mariano Rajoy (pic: European People's Party)

The auction will be held "before the summer", said Rajoy, addressing a climate change symposium in Madrid.

Rajoy's announcement follows the finalisation last week of Spain's second renewables power auction, in which wind power bagged over 99% (2.98GW) of the 3GW allocation.

A government statement said this third auction will redress the demand from renewables developers, who had put in bids for than than triple the capacity on offer in the second auction.

In that second auction, all winning bids had offered the maximum discount, effectively offering to produce at wholesale market prices with no subsidy.

The third round will be even more exacting, with bids competing on the basis of lowest installed capacity costs.

While the government sees the second auction's oversubscription as a sign of success, Spain's wind energy association AEE believes developers have no other options for advanced projects on hold, following a four-year moratorium on renewables.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Sign up now
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Windpower Monthly Events

Latest Jobs