Spain’s newest public sale spherical that was held on 22 November ended up empty for photo voltaic PV and with solely 45.5MW of wind energy awarded.
Introduced final August, the fourth spherical was centered on photo voltaic and wind energy with 1.8GW and 1.5GW of allotted capability, respectively.
Earlier auctions noticed greater than 2GW of photo voltaic PV awarded in January 2021 and 866MW of photo voltaic PV in October 2021.
Earlier this month, the pinnacle of the nation’s PV affiliation UNEF, José Donoso, informed PV Tech Premium that auctions weren’t “so enticing” for firms now attributable to excessive energy costs within the spot market.
Solely two firms have been awarded within the public sale for wind capability, with costs ranging between €39.88-45.12/MWh (US$41.34-46.77/MWh), just like Spain’s photo voltaic PPA costs in Q3 2022 which have been round €40/MWh, based on a analysis from market operator LevelTen Vitality.
Many builders haven’t participated within the public sale with Grenergy, Acciona and Endesa amongst them, with the most recent telling PV Tech that: “Much like the earlier public sale, the power we produce in our vegetation is required to cowl the demand of our shoppers, attributable to our quick power place”.
The outcomes are in stark distinction with neighbouring nation Portugal which closed its floating photo voltaic public sale with adverse costs and confirmed the worth of hybridising renewable belongings.
Furthermore, Portugal introduced it should improve the tariffs of profitable photo voltaic bidders according to inflation and make sure the economical viability of the tasks.