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Market Insight

Sun shines on Spain solar PV tender

September 06, 2017  | Subscribers Only

Josefin Berg Josefin Berg Research & Analysis Manager, Solar & Energy Storage, IHS Markit

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On 26 July 2017, Spain announced the result of the third renewable power auction to be held since 2016. The auction resulted in 3.9 GW of PV power projects, which was in stark contrast to previous auctions where wind power had been dominating. Awarded developers now have six months to present specific projects that will be built. Projects must be installed by the end of 2019, as this is the requirement for Spain to meet its 2020 renewable energy targets.

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