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| Mon, 9th Nov 2020 12:19:00 |
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Spanish government to allocate over 10 GW of PV in auctions until 2025 |
In this year’s procurement exercise, the Spanish authorities should assign more than 1 GW of solar capacity while in next year’s auction, over 1.8 GW is expected to be allocated.
Participants will have to pay €100,000/MW to be eligible, €60,000 of which can be refunded as projects reach set milestones.
he Ministry for the Ecological Transition and the Demographic Challenge (MITECO) has published a calendar for the period 2020-2025 for the renewable energy auctions that will be held under a new procurement regime approved by the government last week.
In the first and only auction that will be held this year, the Spanish authorities are planning to allocate around 3.6 GW of renewable energy capacity, of which 1 GW for the PV technology, 1 GW for wind power, and 80 MW for biomass projects with the remaining, around 1.5 GW being allocated with no technology restrictions.
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