Spain: Lowest Ever Prices for Onshore Wind Energy in Europe

Wind Industry Profile of

Spain auctioned a total of 3 GW of renewable energy capacity in its January 2021 tender. The first tender under the new Spanish auction design resulted in the lowest ever prices for new wind energy in Europe. The lowest wind energy bid was awarded at a price of €20/MWh. The wind bids ranged from €20/MWh to €28.89/MWh.

In its National Energy and Climate Plan (NECP) the Spanish Government pledged to increase Spain’s installed onshore wind energy capacity by 22 GW from today’s 28 GW to 50 GW by 2030. To facilitate this large-scale expansion of onshore wind and to guarantee the necessary revenue stabilisation for investors, the Government decided to change the auction design for renewable energies. January’s first tender under the new auction design resulted in... ... More: Official Press Release WindEurope

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WindEurope, onshore, wind farm, Spain, auction, tender, design, price, costs, MWh, Europe, low, inovation, scale, Giles Dickson, CfD