Spain to hold another 3-GW renewable energy auction
The government of Spain has announced a new 3-GW renewable energy auction, inspired by the success of last auction round.
According to Spain's prime minister Mariano Rajoy the new auction will be conducted before the summer and will be opened to wind and photovoltaic (PV) projects.
This new auction will contribute to improving competition in the domestic electricity market, as well as reduce energy dependence from abroad.
This tender, together with the last week one, has been launched by the Spanish Government to help the country achieve its target to cover 20% of energy consumption from renewables by 2020.
Past auction showed the competitiveness of renewable technologies at current market prices. The last auction resulted in contracts for €43 (US$31.9) per megawatt hour (MWh), the maximum discount rate allowed under the Spanish tendering system. This is the lowest level ever awarded in an onshore wind tender in Europe.
Country news
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May 23, 2017
Forestalia selects GE to provide 1,200 MW of wind power in Spanish 3GW auction
The Forestalia Group, through the Sociedad Aragonesa Transeuropea de Energías Renovables, has been awarded a contract by Spain’s Ministry of Energy, Tourism and Digital Agenda to develop a 1,200 MW wind farm in Aragón.
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May 22, 2017
Enel/Endesa awarded 540 MW of wind capacity in Spanish 3GW auction
Enel, acting through its Spanish subsidiary Endesa’s renewable company Enel Green Power España (EGPE), has been awarded 540 MW of wind power capacity in Spain, following the tender for 3,000 MW of renewable energies.
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April 06, 2017
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March 16, 2017
Cerberus achieves €130M refinancing of four Spanish wind farms
Cerberus Capital Management, through its Spanish affiliate Renovalia Energy Group, S.L, has successfully achieved €130 million (US$138.2 million) refinancing of a portfolio comprising four Spanish wind parks.
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February 08, 2017
RIVE Private Investment and JB Capital Capital Markets acquire wind farms in Andalusia
RIVE Private Investment, founded by 123Investment Managers Group and Elyseum Investment, has announced the acquisition of the wind farms Sierra de Aguas and Sierra de Baños, located in Andalusia, Spain.
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