28 April 2024
Spanish CCGTs face fresh squeeze after wind auction
Publication date: 22 May 2017
Gas Strategies Group
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Spanish gas-fired plants may face steeper competition in the power market in the coming years, as government auctions leverage new investment into renewables with historically low subsidies.
The government’s second round of auctions for construction rights last week secured 3 GW of new capacity, almost all of which went to wind developers.