The Spanish Government recently approved Royal Decree 960/2020, of 3 November, which regulates the remunerative framework applicable to renewable energy production facilities (RD 960/2020), which was analysed here.
In order to develop and implement RD 960/2020, the Ministry for Ecological Transition and the Demographic Challenge approved Order TED/1161/2020, of 4 December, which regulates the first auction to award the remunerative framework for renewable energy and establishes an indicative timetable for the 2020-2025 period (Order TED/1161/2020), which was published in Spain’s Official State Journal (Boletín Oficial del Estado, or BOE) on 5 December. A Resolution issued by the Secretariat of State for Energy on 10 December (the Resolution), published in the BOE on 12 December 2020, then announced the first auction to award the “remunerative framework for renewable energy” (régimen económico de energías renovables, or REER), which is due to take place on 26 January 2021 with a power quota of 3,000 MW (including a minimum reserve of 1,000 MW each for photovoltaic and land-based wind energy) and a maximum energy supply period of 12 years.
The key contents of Order TED/1161/2020 and the Resolution, which establish the rules applicable to the first auction, are set out below.
- Auction process and phases
- Auctioned product, power quota and minimum reserves
- Terms of the bids
- Matching bids
- Successful tenderes' immediate obligations; power pre-allocation registration, identification of facilities and construction permit
- Completion of the facility and registration as operational energy supply deadline and cut-off date
- Remunerative parameters defined in Order TED/1161/2020 and in the Resolution
- Penalties for failure to supply the minimum auctioned energy
- Auction timetable
Key contacts
Disclaimer
The articles published on this website, current at the dates of publication set out above, are for reference purposes only. They do not constitute legal advice and should not be relied upon as such. Specific legal advice about your specific circumstances should always be sought separately before taking any action.