Disappointment in Spain

Wind Industry Profile of

Spain has published the results of its 2022 onshore wind auction. Plenty of wind energy projects bid in. But only 46 MW got awarded, results of combination of current cost pressures and a flawed “secret” price cap.

The 2022 Spanish renewables auction was very disappointing. A total of 3.3 GW was up for tender, 1.8 GW for solar PV and 1.5 GW for onshore wind. Only 46 MW of new wind energy capacity were awarded. The main reason was the auction failed to take into account the increased costs of new wind energy projects. Also the Spanish ran this auction with a “secret” price cap. The wind farm developers had to guess what the cap was. At the same time they also had to reflect the current inflation, supply chain bottlenecks and high raw material and shipping... ... More: Official Press Release WindEurope

Keywords:

WindEurope, Spain, auction, result, design, wind energy project, price cap, awarded