Spain’s 3GW renewables auction moved to 26 July

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on reddit
Reddit
Share on email
Email
Energy minister Álvaro Nadal announced the new auction date. Credit: Spain Energy Ministry

Spain’s next 3GW renewable energy auction has been set for 26 July, having originally been pencilled in for 18 July, according to an announcement by energy minister Álvaro Nadal.

Nadal said that after a successful first tender, which was more than three times oversubscribed, there was clearly strong investor interest in another auction. Wind wiped the floor in the first auction, but new paramters mean that solar PV has a much better chance of succeeding in this forthcoming auction.

The minister also said that projects awarded would be not be given any additional premiums.

In a separate issue, Nadal said there was a need for the legislative proposals of the so-called Winter Package to include measures to increase Spain’s energy interconnection with the rest of Europe, claiming that the energy-related isolation of the Iberian peninsula means reaching the 20% renewables by 2022 target requires more effort.

Read Next

June 18, 2021
Lightsource BP has added 703MW to its Spanish pipeline through the acquisition of projects from Grupo Jorge, bringing its total pipeline in Spain to 3GW.
June 16, 2021
EQT infrastructure has announced a takeover bid for Solarpack, which owns approximately 450MW of operational solar PV projects.
June 15, 2021
Everwood Capital and the Prodiel Group have combined to create DVP Solar, a joint-venture (JV) focused on developing large-scale international photovoltaic projects, with gigawatts at various stages of development.
PV Tech Premium
June 12, 2021
With South Africa faced with ongoing power cuts, Jules Scully explores the how solar PV can help decarbonise the country’s coal-heavy grid while providing energy security.
June 7, 2021
Solar PV power systems contributed to 11.4% of Spain’s power mix last month, setting a new record for monthly production, according to new data from grid operator Red Eléctrica de España.
PV Tech Premium
June 4, 2021
Spain’s PV sector has been boosted by a new auction mechanism that aims to support at least 10GW of capacity by 2025. José Donoso, general director of Spanish solar association UNEF, discusses what is driving growth and the various policies that the industry is asking for.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
July 6, 2021
Solar Media Events
August 24, 2021
Solar Media Events, Upcoming Webinars
October 6, 2021