ACS is the great winner of the renewables auction on this occasion. Through its subsidiary Cobra has taken more than half of what the Government auctioned, specifically 1.550MW of photovoltaic solar power.
El grupo Forestalia has been awarded 316MW of photovoltaic energy also in the bid held by OMIE this Wednesday. In addition, Enel Green Power España, owned by Endesa, has managed to acquire 339MW.
All companies have managed to enter the bid with offers at the maximum discount that allowed the auction, which was 65% of the standard investment value of a photovoltaic plant. This discount is higher than in the May auction, when it was at 59%.
The group company chaired by the president of Madrid by Florentino Pérez, specialized in seComprehensive services of electricity, gas, communications and railways, thus becomes the winner ahead of XElio, with 455 MW; Endesa, through Enel Green Power, with 339 MW; the Forestalia Group, with 316 MW (in the previous one it took 1.200 of 3.000); Gas Natural Fenosa, 250 MW, like Solaria; Opde, 200 MW; Prodiel, 182 MW. Gestamp, which owns 20% of XElio (80% was sold to the KKR fund), has been awarded 24 MW. Alter has achieved 50 MW and Alten, 13 MW.
In the wind field, the winner has been Alfamar capital Energya, with 720MW, ahead of Greenalia (Renova wind), with 133 MW, and Ibervento, with 172 MW, mainly.
In total, they exceed 5.000 MW, an amount higher than that set in principle. This is due to the high demand and that they have been far exceeded. Actually, the initial auction is for 2.000 MW, expandable to 3.000. Although, the Government kept a confidential clause so that more megawatts from 3.000 could be admitted in case you bid at the maximum discount.
The entry of the group company chaired by Florentino Pérez is a surprise similar to that of Forestalia, which was the largest winner of the last two auctions for the allocation of the remuneration scheme to new renewable energy facilities, with a total of 1.500 MW of wind power and 108,5 MW of electricity generation through biomass. In this way, Forestalia adds 1924,5 megawatts awarded between the last three auctions, and further consolidates its vision of reference in the new paradigm of renewable energy generation, in an efficient, open and competitive market.
At the May auction, behind Forestry Gas Natural Fenosa was located, with just over 600 MW; Enel Green Power Spain, with just over 500 MW; and Siemens Gamesa, with 206 MW. Norvento has taken 128 MW.
By surprise, Iberdrola, the leading Spanish company in wind energy, has left out of the cast. All the competing companies offered the maximum discount allowed, set at 63,43% of the price per megawatt.
The final results of the auction will be delivered tomorrow by the Ministry of Energy to the National Commission of Markets and Competition (CNMC) for validation. With these two auctions, ESpain will be within a few tenths of meeting the target set for 2020, which is to have a renewable production of 20%.
Other big ones are left out (Iberdrola and EDP)
Despite the fact that they are two of the largest groups in the sector, Iberdrola and EDP have been left out of the award. Both companies had come forward, but have not achieved their goal. EDP obtained 100MW of wind energy in the January 2016 auction. However, Iberdrola has been left out in the three auctions held so far. Industry sources point out that the firm chaired by Ignacio Sánchez Galán had prepared 1.800MW for auction. However, they have considered not bidding at the maximum discount, which has left them out. Acciona, another of the major renewables 'players', refused to participate in these auctions from the outset, considering them unattractive due to their difficult regulatory design.
Regarding the discount of the bid, the UNEF photovoltaic employer explains that has an impact for financing purposes, which is more difficult to achieve the lower this magnitude is. However, the general director of this association recently explained that all plants will charge at market price. These new facilities are in addition to those already awarded, which will have to be ready before the start of January 2020. This requirement is due to the fact that Spain has a commitment to produce renewable energy from the 20% of total of the energy generated.