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04|04|2017

The renewables auction announced by the Ministry of Energy has been opened

Spain maintains its commitment to renewable energies and continues to spearhead compliance with climate change goals. With this aim, the Ministry of Energy, Tourism and the Digital Agenda is promoting the introduction of up to 3000 MW of renewable energy on mainland Spain.

This is evidence of the government's commitment to introducing new renewable energy in the system, and will be implemented by a mechanism of competitive and technologically neutral auctions to comply with European Commission guidelines, which support more efficient projects at a lower cost to consumers.

Further to its publication in the BOE on 1st April, the auction has been opened.

The new facilities for the production of electrical energy from renewable sources that emerge as a result of this auction will jointly be able to produce 3,000 MW. The auction is open to all investors who meet the requirements established in the regulations sent last December to the National Commission for Markets and Competition, and is of particular interest to renewable energy companies, investment funds and other national and foreign operators.

The projects awarded in the auction must be executed and rolled out before 31 December 2019.

The European Union member countries aim to ensure that 20% of the energy generated comes from renewable sources by 2020. Spain is significantly ahead of its neighbors according to Eurostat. In 2014, it achieved a figure of 17.3%, including biofuels, compared to 12.1% predicted for that date, above neighboring countries such as France (14.3%), Germany (13.8%), United Kingdom (7%) and the Netherlands (5.5%).

 

 

Last updated: 04|04|2017

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