Europe could tender 6 GW solar capability in 2021, Wood Mackenzie

• In 2021, regarding 45 GW of renewables are in the pipeline to be tendered in Europe. The complete includes 17 GW of wind and also 6 GW of solar PV, with the staying auctions being either technology-neutral or putting on a number of sources, according to a report published by Wood Mackenzie.

"Previous auction outcomes suggest that there is no assurance that the targeted volumes will be accomplished," stated the consultancy. "But over the past 3 years, European public auctions have actually seen a typical award price of 70 percent." If this same level of success is accomplished in 2021, "we can see upwards of 30 GW of ability awarded."

The UK is targeting 12 GW from the 4th appropriation round of its Contract for Difference (CfD) scheme. The round will certainly include 3 technology pots with onshore wind as well as solar PV being readmitted to the plan. In Spain, a roll-over of the delayed 2020 public auction will certainly incorporate with the anticipated 5 GW yearly target of the recent renewable energy public auction mandate. Wood Mackenzie anticipates to see "around 8 GW" targeted. Poland aims to auction 5.9 GW of offshore wind combining with onshore wind as well as solar PV auctions showing a total of 8 GW.