Spain has launched a new renewable energy auction with which the companies in the sector have bid for a share of the 3,000 megawatts of power that the State has made available to the market to continue promoting renewables throughout the country. Of that amount, two thirds have been taken over by photovoltaic and onshore wind, leaving the rest of the power to be auctioned without technological restriction.
It was in July 2017 when the last of the renewable auctions was held. At that time, more than 5,000 megawatts were awarded, of which more than 3,900 were for photovoltaics and 1,128 megawatts, for wind, distributed among four companies.
On this occasion, the large electricity companies -Endesa, Iberdrola and Naturgy-, together with Capital Energy (the main winner), EDP Renováveis (EDPR) and Acciona have been the beneficiary companies of the auction.
Specifically, Capital Energy has been the great winner in this auction under the new model designed by Teresa Ribera’s cabinet, obtaining 620 megawatts of wind power. The company founded by Jesús Martín Buezas thus gives a further boost to its commitment to being an important player in the renewables business, with a portfolio of projects in Spain and Portugal with 30 gigawatts of power.
In photovoltaics, one of the big winners in the auction has been X-Elio. The renewables group led by Lluis Noguera has taken an important part with about 300 megawatts.
EDPR and Naturgy were also winners in both wind and photovoltaic auction. In the case of EDP’s ‘green’ subsidiary, it has acquired just over 150 megawatts, although most of it is solar.
Meanwhile, the energy company chaired by Francisco Reynés, who was also awarded in the 2017 auction, this time has been done with a total of 235 megawatts, of which 38 MW are wind and 197 MW are photovoltaic.
The same sources indicated that the two large power companies in the country, Endesa and Iberdrola, are also among the winners in the auction. In the case of the energy company directed by José Bogas, it has acquired about 50 megawatts in photovoltaics.
In the case of Iberdrola, sources in the sector point out that 243 megawatts has been awarded, also in solar, with which the energy company is the winner in an auction after it was left out in 2017. Thus, the group chaired by Ignacio Sánchez Galán strengthens its commitment to renewables, where it is the leader in Spain with an installed capacity of 16,700 megawatts and which it plans to increase by 2025 to 25,000 megawatts, with a portfolio of 11,700 ‘green’ megawatts in the country.
On the other hand, Acciona, one of the companies that participated in this auction after not having attended the ones held previously, has also been awarded just over 100 megawatts of photovoltaic power.
Greenalia has taken over more than 130 megawatts of wind, while Engie has taken 85 solar MW in the bid. Ignis has also been awarded a total of 125 megawatts, which it will develop through various projects in different autonomous communities.
The two companies that have been left out of this first auction in four years have been Repsol, which has seen the bidding move away from its ‘golden rule’ of profitability, and Forestalia, the great winner in previous auctions.