The Spanish government has launched its first renewable energy auction under the new regulatory framework, which will auction 3 GW of renewable capacity, of which at least 1 GW of solar PV and 1 GW of onshore wind; the remaining 1 GW will be allocated to any technology without restrictions. The auction will take place on 26 January 2020. Winners will secure 12-year power purchase agreements (PPAs) for PV, solar thermal, onshore and offshore wind and hydropower, and 15-year PPAs for biomass, biogas and bio-liquid technologies.
In November 2020, the Spanish Council of Ministers 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.
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