Spain launches 3.3GW renewable energy auction

Teresa Ribera, Minister of the Ministry of Ecological Transformation and Population Challenges of Spain, announced that a new 3.3GW renewable energy installed capacity auction will be launched on August 19 and will include quotas for small-scale projects.

Teresa Ribera said after meeting with Menorca’s City Council Chairman Susana Mora and the Island’s Mayor Committee, “Our aim is to continue auctioning renewable energy... and continue to promote the transformation of the power system in an orderly manner.”

She added, "This time we hope to implement a considerable proportion of renewable wind energy [and] the same considerable photovoltaic power generation, but there are two characteristics, which we have learned from the industry requirements research in the past few months." She pointed out that this time it will be allocated a "ultra-fast" quota of 600MW for small projects. In the last round of renewable energy auctions held in January, the Spanish government allocated a total of 3.034 GW of clean energy installed capacity at an average price of €24.47/MWh ($29.62), including 2.036GW of solar photovoltaic and 998 MW of wind energy.