In the auction, which will be open to wind and PV power projects, all the projects not chosen in the 3 GW auction held two weeks ago will likely have another chance to compete.
The IPP will begin construction of the solar plant in early 2018. The tender was put out by Namibian state-owned utility NamPower, which will retain a 19% stake in the completed project.
Spanish solar association UNEF claims PV was discriminated against in the auction and announced it will appeal to the European Commission.
Spain must pay €128 million for cuts to compensation for concentrating solar power (CSP) plants as ordered by the World Bank’s ICSID, where many other cases for investors in solar PV and other renewable energy projects are pending.
The Israeli investment firm agreed to acquire a special purpose vehicle owning a 300 MW PV project in the southern Spanish region of Extremadura.
The Spanish government has published the auction timeline and the amount of capacity it intends to allocate. Several renewable energy technologies will compete in the tender.
The independent power producer is now the owner of the Vela Portfolio, which amounts to 136 MW of solar PV capacity across 43 Spanish sites, and has been sold by Centerbridge Partners.
In 2016, Spain’s solar development was driven by grid-connected PV systems for self-consumption and stand-alone systems for agricultural use.
2017 begins with yet more positive price reduction momentum, while Spain reveals details of its renewables auction and Comtec Solar and Longi agree to asset purchase.
The winning projects must be operational by 31 December 2019.
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