Average winning solar bids in Spain’s renewables auction this week came in above those for wind as interest among PV bidders faltered against a backdrop of rising equipment costs and regulatory uncertainty.
Spain’s latest renewables auction closed with solar PV bidders being awarded just 866MW of capacity, with players such as Naturgy and Bruc among the winning participants.
Solar PV bidders secured two-thirds of allocated capacity in the first of Spain’s new renewable energy auctions, which was held yesterday (26 January) and was more than three times oversubscribed.
Spanish utility Naturgy has made its debut in the US' renewables sector through the US$57 million acquisition of solar and storage developer Hamel Renewables.
Spanish utility Naturgy has partnered with gas grid operator Enagás to bring forward a green hydrogen plant alongside a 400MW solar PV project in Spain’s Castilla y León region.
