Breaking news: Spain paves way for further 3GW of subsidy-free renewable power

Author: Jamie Stewart

2017/05/18

Almost 3GW of wind power was successful at Spain’s latest auction of renewable electricity capacity. This meant wind farms claimed almost all of the capacity on offer. Just 1MW of solar photovoltaic was successful, with 20MW going to other technologies.

In a “scenario of average reference prices”, the wind farms bid in “at no cost to the consumer”, the energy ministry said. This implies that Spain will look to bring a huge 3GW of renewable power capacity to market free from any form of public subsidy, adding to the 700MW of subsidy-free wind and biomass that was successful in its last auction in January 2016.

This hugely extends Spain and Europe’s push into a subsidy-free era of renewable power. More to follow…