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<p>Spain has allocated 3.034 GW of renewable energy capacity in its first renewable energy auction since 2017.</p>
<p>In the auction held by the Ministry for the Ecological Transition, 2.034 GW of solar photovoltaic capacity was awarded.  Spanish solar developer X-Elio Energy won 315 MW of solar capacity, followed by Iberdrola subsidiary Iberenova Promociones (243 MW) and Spanish utility Naturgy (196 MW).</p>
<p>Ignis Dessarrollo offered the lowest bid of €14.89 (~$18.03)/MWh or €0.01489 (~$0.018)/kWh for 30 MW of solar capacity.  <a href="https://www.enelgreenpower.com/countries/europe/spain?refred=https://www.google.com/" target="_blank" rel="noopener noreferrer">Enel Green Power Espana</a> submitted the highest bid of €28.90 (~$35)/MWh for 50 MW solar capacity. The average bid price for solar energy stood at €24.47 (~$29.63)/MWh.</p>
<p>The Ministry also auctioned 998 MW of wind energy capacity. The lowest bid for the wind energy stood at €20 (~$24.22)/MWh, while the highest bid was €28.89 (~$34.99)/MWh. The average bid price for wind power was €25.31(~30.64)/MWh.</p>
<p>Bids were received for a total of 9.7 GW of renewable capacity against the 3 GW tender. The auction was designed as a ‘pay as bid model’ to award 1 GW of each solar and wind capacity and another 1 GW for any other technology.</p>
<p>The successful bidders have to complete the solar projects by February 2023 and wind projects by February 2024.</p>
<p><a href="https://www.edpr.com/en" target="_blank" rel="noopener noreferrer">EDP Renováveis</a>, a Portugal-based renewable energy company, said that it had secured a portfolio of six solar and wind projects with a total capacity of 143 MW in the auction.</p>
<p><a href="https://www.solariaenergia.com/" target="_blank" rel="noopener noreferrer">Solaria</a>, a Spain-based electric services company, bagged 180 MW of solar capacity in the auction. It also had a power purchase agreement (PPA) at a tariff of €27.97 (~33.83)/MWh for 12 years, with supply starting in 2023.</p>
<p>In September 2020, The Institute for the Diversification and Saving of Energy <a href="https://mercomindia.com/spain-invest-renewable-energy-projects/" target="_blank" rel="noopener noreferrer">intended</a> to allocate €181 million (~$214 million) to support renewable energy projects in seven autonomous communities of Spain. The allocation was part of a €316 million (~$375 million) package for the domestic renewable energy sector.</p>
<p>According to a report by <a href="https://www.woodmac.com/" target="_blank" rel="noopener noreferrer">Wood Mackenzie</a>, solar is the <a href="https://mercomindia.com/solar-power-cost-less-decade/" target="_blank" rel="noopener noreferrer">cheapest</a> form of energy in Spain, besides Italy and India. Solar energy will become the lowest-cost source to generate power in the United States, Canada, China, and 14 other nations by 2030.</p>
<div class="saboxplugin-wrap" itemtype="http://schema.org/Person" itemscope itemprop="author"><div class="saboxplugin-tab"><div class="saboxplugin-gravatar"></div><div class="saboxplugin-authorname"><a href="https://cms.mercomindia.com/author/harsh-shukla/" class="vcard author" rel="author"><span class="fn">Harsh Shukla</span></a></div><div class="saboxplugin-desc"><div itemprop="description"><p><img class="alignleft" src="https://mercomindia.com/wp-content/uploads/2022/02/Harsh-Shukla-293x300-1-new.jpg" width="99" height="102" /><a href="https://mercomindia.com/author/harsh-shukla/" target="_blank" rel="noopener"><strong style="color: #00b451">Harsh Shukla</strong> </a>is a staff reporter at Mercom India. Previously with Indian Express, he has covered general interest stories. He holds a Masters Degree in Journalism from Symbiosis Institute of Media and Communication, Pune.</p>
<p><a href="https://mercomindia.com/author/harsh-shukla/">More articles from Harsh Shukla.</a></p>
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Spain Awards 2 GW of Solar and 998 MW of Wind Projects in Latest Auction

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