auction failure renewable energy, organized this Tuesday by Ministry of Ecological Transition. Recently, the industry has big offer and only warned that the competition would be a fiasco if the government’s reserve price were too low. And so it was. between 3,300 megawatts of wind and solar bids were just given 50 megawattsaccording to various sources, when the Government has not released official data after the relevant review by the National Markets and Competition Commission (CNMC).
The competition is structured as two places. 1,800 megawatts of photovoltaic and 1,500 megawatts of windHowever, the area reserved for the first of these technologies desert. Several megawatts awarded wind power, according to various sources. It is currently unknown which companies are the winners. Among companies that have confirmed their participation without success Capital Energy -The winner of the last major auction of 2021– or improvisation. Endesa, on the other hand, decided not to participate in the tender as before.
Reason for failure explained by industry great uncertainty The very high costs of the energy sector at the moment due to the increase in raw materials, high energy prices due to war and rising interest rates. “Currently on the market other alternatives interesting,” say industry sources.
One of the unknowns was this: Reserve priceIt is determined by the government and is confidential. this best shape Which bids may aspire. If this amount is exceeded, they will be excluded from the competition. This was the last auction with solar thermal power a month ago. Later, although the bid was much lower (520 megawatts auctioned), it was possible to single out only 30% of the competition. In this case, the reserve price it was low againAccording to industry sources, this meant that most of the bidders who applied for the competition did not manage to get any megawatts.
This fourth auction Organized under the Pedro Sánchez Government and since 2020, the Government has designed a competition calendar with the aim of reaching 19,500 megawatts of clean power by 2025. Renewable energy at an average price of 3,043 megawatts 24.47 euros. In October of the same year, 3,123 megawatts, 30.56 euros. The third was a month ago, smaller and for biomass and solar energy: out of the 520 megawatts offered for biomass at an average price of 93.09 euros, only 177 were awarded. Unlike previous tenders, this tender, which consists of lowering the price of the investment under the People’s Party government, is played over the price offered for electricity generation.
Source: Informacion
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