spain renewables auction

renewables auction

Spanish Auction Of Renewables: Well Distributed, Led By Solar Photovoltaic Tech And Prices Of 25 €/MWh

Last Tuesday, Spain’s government held the long-awaited auction of 3,034 MW of new renewable licenses with a high level of participation. A total of 84 companies made bids, reaching 9,700 MW, which is three times the power offered. The megawatts allocated were distributed amongst 32 business groups. By technology, 2,036MW were awarded in solar photovoltaic  and 998 MW in wind. Meanwhile, the weighted average price was 24.47 €/MWh for solar PV and 25.31 €/MWh for wind.