June 16 (Renewables Now) - Spain's plans to hold a new 3-GW renewable energy auction, announced by prime minister Mariano Rajoy last month, have been approved by the government, the Ministry of Energy, Tourism and the Digital Agenda said today.
Spanish media said the tender is planned for July 18.
The new auction comes shortly after a tender in May that awarded 3 GW of capacity, almost exclusively to wind projects. It has been hailed as a success as the winners offered the maximum discount allowed.
More specifically, Spain awarded 2,979 MW to wind farms at EUR 43 (USD 48.2) per MWh, which WindEurope says is the lowest level ever for an onshore wind tender in Europe.
Building on that success, Spain is now seeking to tender a fresh 3 GW of capacity. It says the move will help it reach 19.5% renewable energy in final energy consumption, only slightly below its EU target of 20% by 2020.
The new auction will be technologically neutral and will be open to wind and photovoltaic (PV) projects. The ministry said that there is a significant volume of such projects, noting that in the May auction the bids submitted exceeded by more than three times the capacity awarded.