A total of 5,037MW of installed power were awarded to new renewable energy facilities (3,909MW have been awarded to photovoltaic and 1,128MW to wind energy).
The Spanish Ministry of Energy, Tourism and Digital Agenda has announced the results of the renewable energy auction that took place on Wednesday 26 July 2017. In contrast to the previous auction, which awarded a total of 3,000MW of installed power, the latest auction included a clause to extend the allocation limit, a clause that was ultimately triggered to award a total of 5,037MW in renewable power.
Also in contrast to the previous auction, photovoltaic facilities were the big winners in the latest auction, receiving 3,909MW of the awarded power; the remaining 1,128MW were awarded to wind energy facilities. The two auctions held in 2017 will enable Spain to make progress towards meeting the European 20% renewable energy target set for 2020.
Awardees and remunerative parameters
The results of the auction have already been validated by Spain's markets and competition regulator, the Comisión Nacional de los Mercados y la Competencia, which verified that the process had been conducted on a competitive, objective, transparent and non-discriminatory basis.
Spain's Official State Journal, the Boletín Oficial del Estado, will today publish the Resolution of the Directorate General of Energy Policy and Mines, of 27 July 2017, which issues a resolution on the auction, and will also publish the identifies of the awardee companies (and the power allocated to each one) as well as the remunerative parameters applicable to each standard plant.Note. Source of documents: Agencia Estatal del Boletín Oficial del Estado.