Two-year 15GW renewable auction push to fuel EU pandemic recovery – leak

Share on facebook
Share on twitter
Share on linkedin
Share on reddit
Share on email
Image credit: Matt May / Flickr

EU policymakers could steer the mass-scale auctioning of renewable power this year and next, according to a leaked document that links the sector’s future with that of clean hydrogen.

If leaks earlier in May had showcased the European Commission’s view of renewables as a COVID-19 recovery pillar, the latest draft to emerge – first obtained by outlet Euractiv and later seen by PV Tech – sheds light on the specific plans to support the industry as it navigates the current downturn.

The late-May leak describes an “EU Tendering scheme” that would see 15GW of green energy auctioned across the bloc this year and next. The annual blocks of 7.5GW – a quarter of the solar and wind capacity built in the EU in 2019 – will “make up” for the auctioning slowdown at country level, the document says.

The EU Tendering scheme will add to support at the member state level – the leak suggests the Commission will match “one on one” countries' funding for national tenders – and could require a total public investment of €10 billion (US$11 billion) over 2020 and 2021. Actual public support would be lower given the “increasing competitiveness” of renewables, the leak says.

In addition, the draft indicates the Commission is keen to back green energy via the European Investment Bank (EIB). If auctions are meant to support upcoming projects, the EU lender could target those already nearing financial closure, with loans bringing an “additional layer of finance and sharing risk” for renewable ventures ready for a final investment decision.

Making a green splash: The Commission's spending plans, based on the leak

1) Expansion of renewable energy: €10 billion (two years)
2) Doubling the Clean Hydrogen Partnership: €1.3 billion (through the MFF)
3) Help kick-start the Innovation Fund with complementary financing: €2-4 billion (two years) 
4) One-million-tonne of clean hydrogen production: €5-30 billion (Innovation Fund)
5) Green Infrastructure Fund for Renewables and Hydrogen: €10 billion (per year) 

€10bn/year for smart grids, hydrogen as sector takes hit

Whether EU-wide renewable auctions and the other measures in the leak will become actual proposals remains to be seen this week. Approached by PV Tech today, a Commission spokesperson said the plan is due for publication on Wednesday (27 May 2020) afternoon.

The Commission’s talk of renewables as a post-COVID priority – together with building renovation and clean mobility – comes amid an acknowledgement of the pandemic’s “serious” impacts on the sector. In the leak, the EU executive warned that the disruption could see Europe’s solar and wind market contract by a respective 20% and 33% this year.

The draft did not list solar manufacturing as a strategic axis of the renewably-powered recovery, a setback for Poland, Spain and the other six member states lobbying together in mid-May to that effect. Instead, the Commission leak linked the fate of green energy with another industrial ecosystem – that of the nascent clean hydrogen sector.

According to the document, the EU will tap into the Clean Hydrogen Partnership, the Innovation Fund, contracts-for-difference support and various other instruments to take EU-wide production past the one-million-tonne mark every year. “Without sustained growth of the renewables market, there is no future for clean hydrogen in Europe,” the draft said.

According to the leak, the connection between renewables and clean hydrogen would be further underscored via a so-called Green Infrastructure Fund. Managed by the EIB, the ten-billion-euro-a-year Fund would sponsor areas including electricity grid upgrades, the digitisation of power distribution networks and hydrogen infrastructure.

PV Tech has set up a dedicated tracker to map out how the COVID-19 pandemic is disrupting solar supply chains worldwide. You can read the latest updates here.

If you have a COVID-19 statement to share or a story on how the pandemic is disrupting a solar business anywhere in the world, do get in touch at or

Read Next

February 25, 2021
The Global Wind Energy Council (GWEC) and Global Solar Council (GSC) have called on Mexican lawmakers to prevent changes to the country’s Electricity Act, Ley de la Industria Electrica (LIE), which pose what they call “an unequivocal threat" to private investment in clean energy.
February 24, 2021
A European Commission-backed project has been launched to scale up Europe’s PV manufacturing industry and capture the continent’s “booming demand” for solar equipment.
February 19, 2021
Green energy group Mainstream Renewable Power and Norway’s Acker Clean Hydrogen have signed a letter of intent to explore the development of green hydrogen and producing ammonia in Chile.
February 18, 2021
A proposed joint venture (JV) between renewables firm Acciona and US hydrogen fuel cell maker Plug Power will invest more than €2 billion (US$2.41 billion) to develop a green hydrogen platform in Spain and Portugal.
February 17, 2021
Australia-based exploration company Province Resources has revealed plans to develop a renewables-powered hydrogen plant that will feature 1GW of solar and wind generation.
February 15, 2021
Solar developers including Falck Renewables and Qair are among the 30 founding members of a new coalition that aims to deliver green hydrogen at the same price as fossil fuel-produced H2 this decade.

Subscribe to Newsletter

Upcoming Events

Solar Media Events, Upcoming Webinars
March 9, 2021
Solar Media Events
March 17, 2021
Solar Media Events
April 13, 2021
Solar Media Events
April 20, 2021
Solar Media Events
June 15, 2021