The Spanish government announced that the long-expected auction for large-scale renewable energy projects will be held on May 17. The government intends to select large-scale renewable energy power projects in the auction. Several renewable energy technologies including solar will compete in the tender, which is the first support scheme for large-scale solar in Spain since 2012.
According to a resolution published by the government on Wednesday, it will allocate around 2 GW of renewable energy generation capacity in the auction. This, however, could be expanded to 3 GW under certain conditions, the government stressed.
The government has also published the maximum value of the offered percentage reduction, which for solar will be 51.22%, while wind power will have percentage reduction of 63.43%. Other renewable energy technologies competing in the auction will have a percentage reduction of 99.9%.
Spain’s energy regulator Comisión Nacional de Mercados y Competencia (CNMC) has published a note on the auction on Wednesday, in which confirms the auction was approved. The CNMC, however, has suggested to change a few rules of the auction in order to make it more “transparent and competitive”.
This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: firstname.lastname@example.org.