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The Spanish government has planned a new round of renewable energy auctions on Oct.
19, launching a fast-track process to award 3,300 megawatts of new capacity
as the country grapples with soaring electricity prices.
Interested participants must act just as quickly and start submitting prequalification documents
on Monday, September 13.
The deadline for commissioned projects has also been reduced by five months
compared to the January 2021 deadline for bidders.
In its resolution to launch the auction, Spain's National Energy Secretariat said: "In the current context of high wholesale electricity market prices, it is considered wise to keep commissioning periods as short as possible
.
”
As announced by the government in August, 600 MW is set aside for wind and solar projects, accelerating the implementation timeline
.
According to the resolution, these must go live
by September 30, 2022.
Onshore wind and solar PV projects allocated 1,500 MW and 700 MW
, respectively.
Distributed solar projects will compete for 300 watts, and these should encourage citizen participation
.
The remaining 200MW will be provided free of charge to other clean technologies
.
1,500 MW onshore wind projects should be ready to come online by June 30, 2024, while solar projects must meet their respective commissioning deadlines
in 2023.
Spain's January auction awarded 3,034 MW of installed capacity, with a weighted average price of €24.
47 per MWh for solar PV and €25.
31/MWh
for onshore wind.
Driven by the high cost of natural gas and carbon dioxide, the wholesale electricity price in Spain this year reached a "sky-high price"
in the market today.
According to Iberian market operator OMIE, the average wholesale market price reached 105.
94 euros/MWh in August, up 193% year-on-year and steadily climbing
from 41.
97 euros/MWh in December 2020.
The Spanish government has planned a new round of renewable energy auctions on Oct.
19, launching a fast-track process to award 3,300 megawatts of new capacity
as the country grapples with soaring electricity prices.
Interested participants must act just as quickly and start submitting prequalification documents
on Monday, September 13.
The deadline for commissioned projects has also been reduced by five months
compared to the January 2021 deadline for bidders.
In its resolution to launch the auction, Spain's National Energy Secretariat said: "In the current context of high wholesale electricity market prices, it is considered wise to keep commissioning periods as short as possible
.
”
As announced by the government in August, 600 MW is set aside for wind and solar projects, accelerating the implementation timeline
.
According to the resolution, these must go live
by September 30, 2022.
Onshore wind and solar PV projects allocated 1,500 MW and 700 MW
, respectively.
Distributed solar projects will compete for 300 watts, and these should encourage citizen participation
.
The remaining 200MW will be provided free of charge to other clean technologies
.
1,500 MW onshore wind projects should be ready to come online by June 30, 2024, while solar projects must meet their respective commissioning deadlines
in 2023.
Spain's January auction awarded 3,034 MW of installed capacity, with a weighted average price of €24.
47 per MWh for solar PV and €25.
31/MWh
for onshore wind.
Driven by the high cost of natural gas and carbon dioxide, the wholesale electricity price in Spain this year reached a "sky-high price"
in the market today.
According to Iberian market operator OMIE, the average wholesale market price reached 105.
94 euros/MWh in August, up 193% year-on-year and steadily climbing
from 41.
97 euros/MWh in December 2020.
