The first of Spain’s new clean energy auctions is set to take place next month, with the country’s government allocating a total of 3GW of renewables capacity. While at least 1GW will be for solar PV and another 1GW for onshore wind, the remaining capacity will be auctioned without technological restrictions.
Winning PV projects from the auction on 26 January will receive a 12-year power purchase agreement.
Enjoy 12 months of exclusive analysis
- Regular insight and analysis of the industry’s biggest developments
- In-depth interviews with the industry’s leading figures
- Annual digital subscription to the PV Tech Power journal
- Discounts on Solar Media’s portfolio of events, in-person and virtual
Or continue reading this article for free
The announcement marks the beginning of Spain’s new auction mechanism, which foresees a total of around 19.4GW of renewables to be assigned through auctions between now and 2025, with at least 10GW of that capacity to be solar PV. The pay-as-bid system will allow hybridisation between technologies and be compatible with energy storage.
To read the full version of this story, visit PV Tech.