Spain approves a decree creating a new renewable auction system
The Spanish Council of Ministers has approved a decree establishing a new regulatory framework for renewable energy auctions, the Economic Renewable Energy Regime (Régimen Económico de Energías Renovables, REER). The text creates a “pay as bid” system in which bids will be submitted sealed, and the winners will receive different prices based on their offers. The new scheme allows hybridisation between technologies, the expansion and modification of existing plants and will be compatible with electricity storage. The first auction is expected to take place by the end of 2020 and will replace the 2013 support scheme.
In May 2020, the Spanish government approved the draft Law on Climate Change and Energy Transition. The regulation targets climate neutrality by 2050 and Spain should reduce its greenhouse gas (GHG) emissions by 20% in 2030 compared to 1990 levels. Renewables are expected to account for 70% of the electricity mix in 2030 and 35% of the energy mix.
Then Global Energy Market Data & CO2 is your database! We provide world coverage of the oil, gas, coal, and power markets and a detailed overview of national supply & demand with annual data going back to 1970.
This energy database leverages more than 200 official data sources, which are processed by our analysts to provide fully harmonised data sets that are updated monthly.
The European renewable report focuses on the different renewable energies for each country in Europe.
It covers the different support schemes used to promote renewable energy in for major sources of renewable energy: hydroelectricity, wind, solar, liquid biofuels for transportation, geothermal and oceanic sources (wave, tidal and thermal).