Wind helped lower Spain's power prices in 2015 - AEE

Wind turbines at work. Author: Nick Cross. License: Creative Commons, Attribution-NoDerivs 2.0 Generic.

January 6 (SeeNews) - If Spain had no wind parks, the average annual price on the electricity market would have been 23.8% higher in 2015, according to calculations by the Spanish wind energy association (AEE).

Wind farms in the country offered the lowest wholesale electricity prices last year, of about EUR 46.14 (USD 49.6) per MWh, according to data by grid operator Red Electrica de Espana (REE). In comparison, the prices per MWh for hydropower and for electricity from thermal power plants stood at EUR 50.69 and EUR 50.94, respectively.

For the past year, wind farms produced 19% of Spain’s power, ranking third after nuclear and coal, which had a share of 21.9% and 20.3%, respectively. Wind share could have been even higher if not for the energy reforms in 2014, which hit hard the wind power sector. Deployment came nearly to a halt. After the country did not install a single megawatt of wind power in the first half of 2015, AEE warned that about 50% of Spain’s installed turbines will be more than 15 years old in 2020.

A report released by REE at the end of the year shows that the share of renewables, including hydro, wind, solar and bioenegy, has declined to 37.4% in 2015 from 42.8% a year before and from 42.2% in 2013.

(EUR 1 = USD 1.075)

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Browse all articles from Tsvetomira Tsanova

Tsvet has been following the development of the global renewable energy industry for almost nine years. She's got a soft spot for emerging markets.

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