Wind power has been awarded 1,128 MW of the total of 5,037 MW in the Spanish tender held yesterday. This gives continuity to the industry’s activity in order to achieve compliance with European targets. The sector is confident that all players involved – developers, manufacturers, financial institutions, local and state public entities, etc. – will work hand in hand so that all projects awarded in the last three tenders are fully functioning by the end of December 2019. It will be then when the effectiveness of the tenders will be proved. The Spanish Wind Energy Association (AEE) estimates that the installation of these projects will translate into investments in excess of 4.5 billion Euros and the creation of between 25,000 to 30,000 jobs during construction.
AEE insists that the 23,000 MW of wind power that have been installed in Spain since the 1990s did so at a time of lower technological maturity with different financial conditions and, therefore, at a higher cost, so incentives must be respected until the end of their Regulatory life. This necessarily means not changing the reasonable profitability of the projects every six years during their regulatory life, a power granted to the Government by the Energy Reform that could be exercised for the first time in 2020.