LEGAL ANALYSIS
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Renewable capacity auction to be held on 17 May

Renewable capacity auction to be held on 17 May

18/04/2017 - Author: Energy Area, Gómez-Acebo & Pombo

Renewable capacity auction to be held on 17 MayFinally, the process that began with the Royal Decree of 31 March and continued with Order ETU/315/2017 of 6 April has concluded with the publication in the Official Journal of Spain on 12 April 2017 of two decisions issued by the State Secretariat of Energy on 10 April 2017 which: (a) provide the auction procedure and rules for allocation of the specific remuneration scheme (subsidy payment) in the call for applications open to new facilities that produce electricity from renewable energy sources (the "Framework Decision"); and (b) announce the date of the auction for allocation of the specific remuneration scheme for such facilities (the "Auction Announcement Decision").


The Framework Decision provides the procedure and rules to govern the auction, which will determine both the percentage reductions in the standard facility’s standard initial investment value (reductions that make up the bids) as well as the power capacity allocated to the successful bidders...

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Renewable capacity auction to be held on 17 May