Tuesday, August 9

Teresa Ribera announces a new 3,300 MW renewable energy auction

The third vice president and minister for the Ecological Transition, Teresa Ribera, announced this Monday a new auction of 3,300 megawatts (MW) of renewable energy, the second so far in 2021 after the one that took place last January and the largest made so far Spain.

As Ribera explained after meeting with the president of the Insular Council of Menorca, Susana Mora, and with the Board of Mayors of the island, this Tuesday a ministerial order will go public with a new auction call to grant the economic energy regime renewable for 3,300 MW. An “important” percentage will be for wind and photovoltaic, with two peculiarities, “fruit of the learning of these months”.

To “quickly benefit all consumers”, thanks to the fact that these technologies are already the ones that produce the cheapest electricity, there will be an “ultra-fast quota” of 600 MW for installations that may be up and running by the end of next year. There will also be a quota for small facilities that claimed it so as not to compete with large facilities.

Ribera has made this announcement after last week’s spectacular record price streak for light, with five consecutive all-time highs. And it comes after the January auction, in which 3,000 MW were awarded and which resulted in a “very positive result”: “We received offers for more than 9,000 MW and that renewable energy could be awarded in a price range between 18 and 29 euros per MWh, with an average price of 25 euros per MWh ”, compared to the more than 100 MWh in which the wholesale electricity market traded last week, in the heat of the heat wave.