Average winning solar bids in Spain’s renewables auction this week came in above those for wind as interest among PV bidders faltered against a backdrop of rising equipment costs and regulatory uncertainty.
Vortex Energy has agreed to invest more than €625 million (US$725 million) into Ignis Energy Holdings through a series of capital injections that aim to develop Ignis into a “fully integrated renewable IPP” in Spain and elsewhere.
Solar PV bidders secured two-thirds of allocated capacity in the first of Spain’s new renewable energy auctions, which was held yesterday (26 January) and was more than three times oversubscribed.
Industrial conglomerate GFG Alliance has signed an agreement with Ignis to co-invest in the development, construction, operation and maintenance of Spanish solar and wind projects with a capacity of around 1.2GW.
French oil major Total will aim to cover all the electricity consumption of its European industrial sites from solar power by 2025 after securing a new development agreement with Spanish firm Ignis.
