Spain is pushing ahead with a new round of renewable energy auctions

To integrate renewable energy projects into the national energy mix (expected to reach 60 GW by 2030). It also provides legal certainty to the country's energy regulatory framework. The Spanish government approved the decree yesterday. Overseeing new large-scale renewable energy projects, clean energy auctions and grid connections for power projects.

Spain's Ministry of Ecological Transformation said that the large-scale penetration of renewable energy will enhance the country's industrial value chain and competitiveness. In the context of post-pandemic economic recovery, it will lead to the sustainability of economic activity and employment. Once the royal decree is approved, the Energy Ministry will immediately launch the renewable energy auction, which was originally planned for the second half of this year.

Under the new auction plan, developers will bid for projects based on actual megawatt-hours of projected power generation. Rather than bidding on the basis of competence, as is now the case. Currently, Spain has 430 GW of solar and wind projects awaiting grid-connected permits. The country only wants to add another 50 gigawatts of clean energy production capacity by 2030. A second royal decree is currently being urgently addressed to avert the threat of financial speculation related to grid licenses.