Spain to hold a new 3,000 MW renewable energy auction

Even though, Rajoy has taken no position on when this auction will take place exactly, this new auction will be held before the summer and undoubtedly will contribute not only to improving competition in the domestic electricity market, but also to reduce energy dependence from abroad.

After committing to have 20% of its energy coming from renewables, this target is without no doubts on track to be achieved well ahead of the 2020 deadline, the government stated. The share of renewable power generation stood at 17.3% in 2015, which is higher than the forecast of 13.8% for 2017.