Green Dealflow

  • Home
  • About
  • Investors
  • Asset Owners
  • Assets
  • Helpdesk
  • Blog & News
Login

Spain holds redesigned renewables auction by end 2020

by Sladjana Djunisic / Thursday, 05 November 2020 / Published in News
auction

The Spanish government on Tuesday approved a royal decree that defines a new pricing regime for renewable energy auctions with plans to hold the first round under updated rules by the end of the year, the ministry for the ecological transition said.

The big novelty in the decree is the introduction of the so-called “pay as bid” model, which will replace the remuneration framework from 2013 that awarded a return on investment on top of market revenue.

The old framework comes from a time when costs of generating one kilowatt of renewable power were higher than the selling price on the market, minister for the ecological transition Teresa Ribera said.

The new auction rules will allow participants to offer a price they are willing to charge for generating power from their project, with awards going to the lowest bids until a previously set quota is reached. The auctioned product will be electricity and/or maximum capacity.

The ministry said that the new framework will allow hybridisation of technologies, expansion or modification of existing plants and energy storage installation. It will also establish criteria for small-scale schemes, demonstration projects and energy communities and enable them to compete on equal terms.

The government will publish a five-year auction calendar, to be updated annually, containing indicative timetable, frequency of auctions, expected capacity and planned technologies.

Find the original article here

Green  Dealflow – is a matchmaker for professional investors and asset owners in the solar and wind industry. You can  create  a free account and search for assets to invest in, or ask us about off-market projects, find investors for your projects with discretion (off-market), or PPA Off-takers can look for business partners on a “no cure – no  pay” basis. Further to this, Green  Dealflow  delivers news, blog posts and business intelligence, e.g.  through a transaction database and monthly reports. 

  • Tweet
Tagged under: renewable energy, spain, policy, auction

What you can read next

Country Report Greece
All you need to know about the Greek Energy Market
What happened in the renewable energy world in 2016 and its meaning for Enel Green Power
solar panels
Solar Capacity in Italy to triplicate by 2030

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • February, 2021

    Solar and Wind Transaction Review, February 2021

    This is the time of the month when Green Dealfl...
  • wind power

    The UK and the ten-points plan for a Green Industrial Revolution

    This year has severely impacted the human socie...
  • Denmark and the world’s first wind energy hub: an artificial island in the North Sea

    Denmark has reached a landmark agreement on the...
  • Solar pricing decrease slowed in 2019, volume increased, modules more efficient-2

    John Fitzgerald Weaver is the Commerc...
  • January 2021

    Solar and Wind Transaction Review, January 2021

    This is the time of the month when Green Dealfl...
  • Home
  • About
  • Investors
  • Asset Owners
  • Assets
  • Helpdesk
  • Blog & News

Esplanaden 18
1263 Copenhagen, Denmark

hi@greendealflow.com (+45) 8230 3600

A trusted platform for energy investments

© 2021 GREEN DEALFLOW — ALL RIGHTS RESERVED

Terms and Conditions

TOP