Spain To Hold 2nd RE Auction

Spain’s 2nd Renewable Energy Auction Scheduled For October 19, 2021; MITECO To Award 3.3 GW Solar PV & Wind Energy Capacity
09:18 PM (Beijing Time) - 09. September 2021
Presentation1

After awarding 3.034 GW solar PV and wind energy capacity in its 1st renewable energy auction, in the 2nd auction to be held on October 19, 2021, Spain plans to award 3.3 GW capacity. (Illustrative Photo; Photo Credit: city hunter/Shutterstock.com)

Key Takeaways

  • MITECO has launched the 2nd renewable energy auction of Spain for 3.3 GW solar PV and wind energy capacity
  • It offers to procure 1.5 GW of wind energy, 700 MW of utility scale solar, 300 MW of distributed generation PV, all of which must come online before June 30, 2024
  • 600 MW of PV or wind energy projects at an advanced stage of processing will be accepted, with a commissioning deadline of September 30, 2022

The Spanish Ministry for the Ecological Transition and the Demographic Challenge (MITECO) has launched the country’s 2nd renewable energy auction for 3.3 GW solar PV and wind energy capacity. Final results of the auction will be released on October 19, 2021, which is also the last date to submit proposals.

This is an increase of capacity from the previous round when 3.034 GW of solar PV and wind energy capacity was awarded (see €0.01489/kWh Lowest Winning Tariff In Spanish RE Auction).

In August 2021, MITECO has announced the auction saying it will bid out the capacity as 1.5 GW for onshore wind, 700 MW utility scale solar, 300 MW distributed generation PV capacity with relevant local participation, with a power capacity of up to 5 MW(see Spain’s 2nd Call For RE Auctions In Oct. 2021). All the winning projects must come online before June 30, 2024.

There is a provision for 600 MW for PV or wind energy projects at an advanced stage of processing that must come online on September 30, 2022. Another 200 MW will be technology neutral capacity.

MITECO believes renewable electricity generation from this auction will reduce the price of electricity by displacing energy produced with more expensive and polluting plants. It expects a high level of interest in the auction and broad participation.

Interested companies can start submissions from September 13, 2021 onward, according to auction schedule published by MITECO on its website.  

In 2021, MITECO said it plans to launch a separate tender for a minimum of 200 MW of thermoelectric solar energy, 140 MW of biomass and 20 MW for other technologies.

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

Write, follow the author.
Email

Anu Bhambhani