Spain to hold 3.3 GW renewables auction in November
4 August 2022Spain's Ministry for Ecological Transition and the Demographic Challenge (Miteco) has revealed that it will hold a 3.3 GW renewable energy auction in November.
The Spanish government expects to allocate 1.8 GW of solar and 1.5 GW of wind power. The successful PV projects must be built within two years and will be awarded 12-year power purchase agreements (PPAs).
The auction is the fourth tender in the Régimen Económico de Energías Renovables (REER) procurement scheme. As in the previous renewable energy auctions, successful bidders will have to present a strategic plan, with an estimated impact on local employment and the supply chain. It will be published on the Miteco website.
In the first two auctions, held in January and October 2021, Miteco assigned 2.90 GW of solar and 3.25 GW of wind capacity. The second auction awarded a total of 3.12 GW, or 95% of the 3.3 GW on offer. About 2.258 GW went to wind projects, and 866 MW to solar, at an average price of €30.56 ($31.07)/MWh. The auction marked the first time in history in which solar did not cover all of the offered capacity.
Through the third auction, launched in December, the Spanish authorities aim to allocate 500 MW of renewable energy capacity, including 200 MW of concentrated solar power, 140 MW of distributed solar, 140 MW of biomass, and 20 MW for other minor clean energy technologies.
Related
-
Queensland picks international team to design $14bn pumped hydro scheme
20 September 2024
-
India approves NPCIL and NTPC’s JV to build nuclear power plants
20 September 2024
-
Oman announces qualified bidders for the development of wind IPPs
18 September 2024
-
EDF, KOWEPO and Masdar announce financial close of 1.5 GW Al Ajban Solar PV project
18 September 2024
-
Kenya awards $1.3bn power concession to Adani Group and Africa50
16 September 2024
-
GreenGo Energy signed strategic partnership agreement for hydrogen projects in Namibia
16 September 2024