Spain auctions 2.2GW of onshore wind

Wind Industry Profile of

The Spanish Government published the results of its 3.3GW technology-neutral renewable energy auction. Onshore wind won a total of 2.258MW at an average of €30.18. This is amongst the cheapest strike prices in Europe ever and only slightly above the price in January’s auction in Spain.

These new projects will bring an investment of more than €2.5m with them and will be supported by the 30,000-strong local Spanish wind industry. It is an important step in reaching the country’s renewable energy targets. However, the auction was slightly undersubscribed. A number of companies decided not to compete due to Government plans to apply a new charge linked to the rise in gases prices that would have effectively clawed back revenue of certain wind farms. The measure... ... More: Official Press Release WindEurope

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