This renewables auction will allow the different technologies to compete so that the cost for the consumer is lowered. This new initiative joins the one that is already planned for the peninsula to be held within the first quarter of 2017 and will aim at the installation of 3,000 new megawatts before December 31, 2019.
The Government has announced its intend to convene this new renewables auction on the islands in a statement from the Ministry of Energy in which it ensures that this initiative confirms Spain´s commitment to meet the targets in the fight against climate change.
From MINETAD they insist that our country is currently above the levels expected to meet the European targets referring to renewables reaching 20% of total energy consumption in 2020 since already in 2014, Spain reached a percentage of 17.3 % compared to the expected 12.1% and was ahead of most countries in the region (5.5% the Netherlands, 7% the UK, 13.8% Germany or 14.3% France according to Eurostat ).
In order to further progress in meeting climate change targets, the Government has been pushing for the introduction of new renewable energy into the Spanish electricity system, especially on the islands. The introduction of renewables on the islands has many advantages: it replaces the current generation of fossil origin, reducing CO2 emissions, improving security of supply and reducing the cost of generating of such systems, which translates into a lower price for the consumer.
The Government explains that the auction, which it plans to call for the first four-month period of 2017, will allow the different technologies to compete in equal conditions, so that the one that results in a lower cost for the electric consumer is the one awarded.
100% renewable islands?
Greenpeace report “Energy [R] evolution for the Canary Islands” states that these could not only be solely supplied from renewable sources but could save € 42 billion in fossil fuel imports by 2050.
The report, published in November 2015 and made by the German Space Agency, shows that a 100% renewable scenario is possible in 2050 in the Canarian archipelago. It also points out that with a transformation of the Canarian energy model, demand could be reduced by 37% compared to current consumption thanks to the application of energy saving and efficiency measures.
It should not be forgotten that only the extra-peninsular extra cost of 2014 was a burden of 1,728 million euro on the electricity bill of all consumers. This is because the islands, both the Canary Islands and the Balearic Islands, depend on fossil fuels for almost 90% of their electricity.
3,000 new megawatts on the peninsula
The next renewable energy auction for Spanish mainland will be held within the first quarter of 2017 and will target the installation of 3,000 new megawatts by December 31, 2019.
The Government has explained that they will be competitive and technologically neutral, where the different technologies can compete equality. Thus, “it is guaranteed that those projects that are more efficient and that entail a lower cost for the consumer are incorporated,” it claimed.