UPDATE – Spain confirms 3.3-GW renewables public sale was gentle on awards

November 23 (Renewables Now) – Spanish renewable vitality builders Forestalia and Elawan Vitality had been the one bidders to safe capability in Spain’s renewables public sale for 3,300 MW of wind and solar energy, the ministry for the ecological transition mentioned on Wednesday, confirming a number of media reviews that the competitors awarded next to nothing.

Elawan gained with a 20-MW wind mission, submitting a worth of EUR 39.88 (USD 41.34) per MWh. Forestalia, collaborating as Nearco Renovables, was profitable with three wind tasks — two of 10 MW and certainly one of 5.5 MW, pricing them at EUR 45.01, EUR 45.06 and EUR 45.12 per MWh.

The top result’s a weighted common worth of EUR 42.78/MWh for a complete of 45.5 MW of wind energy.

The official report on the public sale consequence could be seen right here (web page 5): https://energia.gob.es/renovables/regimen-economico/Documents/RD960_Resolucion_cuarta_subasta_TED-1161_firmado.pdf

Trade sources informed media in Spain that the ministry pushed the ceiling worth to low for many bidders, to round EUR 45/MWh in comparison with a mean EUR 60/MWh that promoters had been prepared to cost for his or her wind and solar energy manufacturing.

For the ministry, the public sale was taking place beneath the shadow of “the financial context marked by the conflict in Ukraine”, and excessive electrical energy market costs, excessive inflation, rising rates of interest and tensions within the uncooked supplies and gear markets formed the bids and the outcomes. The ministry stood by its cap, stating that it prevented the present financial scenario from forming award costs that will be above structural ranges in the course of the 12 years of regulatory assist for wind and photo voltaic.

(EUR 1.0 = USD 1.037)

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