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Spain bullish with 1.13GW of wind auctioned

SPAIN: Saudi Arabian firm Alfanar, an affiliate of Spain's Capital Energy, was the main winner in wind with a 700MW allocation from the latest renewable power auction.

Over 4.6GW of wind has been allocated in Spain's recent renewable energy tenders (pic: Acciona)
Over 4.6GW of wind has been allocated in Spain's recent renewable energy tenders (pic: Acciona)

The auction allocated a total of 5,037MW of renewable energy; 1,128MW to wind and 3,909MW to PV solar.

The other top dogs in the wind allocation were all Spanish firms: Ibervento, with 172MW, Greenalia Power with 133MW, Hocensa with 49MW and Gestamp with 24MW.

The auction was the third renewables bidding process to take place in the past 18 months, in which a total of 8,737MW has been allocated; 4,607 MW to wind, 4,110MW to PV and 20MW to biomass.

The auctions mark the beginning of a renewed boom for Spanish renewables, in effective moratorium since 2012.

Yet wind association AEE is worried financiers may be cautious. The pay mechanism—which provides a floor price to wind if the electricity spot market plummets — is to be renewed entirely end-2019; exactly when the new capacity is due for commissioning. AEE called for regulations with longer-term assurances.

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