The future for solar is bright. Despite the setbacks of covid-19, the European solar market grew by 11%, making 2020 the second-best year ever for solar in the EU. In Spain, despite being also hit by covid-19, more than 2.6 GW of new PV plants got connected to the network. To set the basis for future years, the Ministry for the Ecologic Transition and the Demographic Challenge undertook several regulatory changes.
This year, we will see the results of these changes: In January, there was a renewable energy auction that assigned over 1.0 GW to new PV plants to be built over the next two years. In addition, we will see the completion of the network access procedure with new online platforms for permits request and new capacity criteria, as well as, the new National Strategy on self-consumption. We are eager to see how PPAs shape the spanish solar market in 2021.
A new renewable auctions scheme was introduced in Spain in 2020 including a calendar for auctioning at least 3.0 GW a year up to 2025. The auctions grant a fixed price per energy generated during 12 years and in their first session, held the 26th of January 2021, assigned 3.0 GW to wind and solar PV with an average price of 25 €/MWh. In the future, other technologies such as CSP and biomass will also be included.
Despite the regulatory changes of last years that introduced an enabling regulatory framework for self-consumption in Spain, there are still barriers to overcome. The permitting is yet the main burden to be borne by the installers and consumers, as many municipalities are not yet used to PV rooftop installations and they demand excessive requisites. The Government is preparing the National Strategy on this topic that will set targets and specific measures to promote this activity.
In recent years, grid access permits have already been granted that were significantly above the capacity targets set in the Spanish National Energy and Climate Plan (NECP) for 2030. For this reason, the government introduced a moratorium in the new requests in 2020 and changed the regulatory framework by introducing several milestones to be achieved after obtaining the permit. This had an immediate impact in this promotion activity, resulting in many projects discarded or restarted.
This session will explore how corporates can act as off-takers in Spain, what are the common roadblocks, and the key learnings from corporate buyers in Spain. We will look into:
In order to close financing needed to realise renewable energy projects, banks and financiers need to evaluate the offtakers of the projects – increasingly corporate buyers. From the opposite perspective, corporate buyers signing PPAs are increasingly seeking to manage the risks inherent to a PPA. This session will present the point of view of banks, financiers, and corporate buyers when assessing corporate PPAs:
*Subject to change.
Market Area Manager, DNV
Legal Advisor, Holaluz
Solar Advisory Lead Europe and Latin America, UL Renewables
Head of Iberia, Aurora Energy Research
Head of Office Berlin, Conexio GmbH
Irene Bartol Mir
Managing partner, Verdia Legal
Senior Policy Advisor, SolarPower Europe
Fernando de Juan Astray
Head of Origination, Structured and Long Term Products, Axpo Iberia
Director General, UNEF
CEO, Solar Promotion GmbH
Partner, Ontier España
Global Head Project Finance, Banco Sabadell
Senior Director, Energy & Infrastructure Advisory, JLL
CEO, SolarPower Europe
Impact Director, RE-Source Platform
Head of Regulation and Studies, UNEF
Senior Policy Advisor, SolarPower Europe
Jose Julio Morejón
Team Leader Southern Europe Utility Scale, Trina Solar
Product & Training Management, Amara-e
D. Carlos Redondo López
Deputy General Manager of Electric Energy, Ministerio para la Transición Ecológica y el Reto Demográfico (MITECO)
Senior Principal, AFRY
Concha Sanchez Perez
Dirección de Desarrollo del Sistema, Red Eléctrica de España
Manel Sastre Angulo
Self-generation impulse team, Som Energia
PPA Manager, BayWa r.e. AG
Cristina Torres Quevedo
Finance Director, UNEF
Director Structuring Finance Department, Bankinter