The Spanish government on Tuesday awarded a total of 3,034 MW of wind and solar power capacity in the first renewable energy auction held since July 2017.
A total of 2,036 MW was awarded to solar photovoltaic (PV) projects, while bidders on wind walked away with 998 MW, the ministry for the ecological transition announced, adding that the round attracted offers worth 9,700 MW.
The ministry. which designed the auction and introduced the pay-as-bid model for remuneration, initially reserved 1,000 MW for wind and solar each and another 1,000 MW for any technology.
The weighted average price for solar PV reached EUR 24.47 (USD 29.67) per MWh. The lowest price for solar, EUR 14.89/MWh, was submitted by Spanish energy group Ignis for a 30 MW project. Enel Green Power Espana offered the highest price for solar -- EUR 28.9/MWh -- securing remuneration for its 50 MW project.
The weighted average price for wind power was EUR 25.31 per MWh, which sat between EUR 20.00/MWh, the minimum for an awarded project, and the maximum EUR 28.89/MWh.
Enerfin Sociedad de Energia SLU, the wind unit of Spanish infrastructure builder Elecnor SA (BME:ENO), won two 10-MW projects with an offer for EUR 20/MWh. The maximum price for wind was presented by Spanish forestry and renewable energy group Greenalia SA (BME:GRN) for a 25-MW project.
The biggest auction winner was Spanish renewable power retailer Capital Energy, which secured 625 MW of wind projects under the name Capital Energy and as Green Capital Power.
The round saw the participation of domestic utilities and independent power producers, such as Iberdrola SA (BME:IBE) through Iberenova Promociones, Naturgy Energy Group SA (BME:NTGY), Alter Enersun, and international groups -- France’s Akuo Energy, Canadian Solar Inc (NASDAQ:CSIQ), Italy-based Falck Renewables SpA (BIT:FKR) and South Korea’s Hanwha Energy Corp.
The full list of winners, prices and allocated capacity can be seen at this link, pages 5-10: https://www.omeldiversificacion.es/sites/default/files/2021-01/resolucion_resultados_subasta_26012021.pdf
(EUR 1.0 = USD 1.213)
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