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

In 2021, about 45 GW of renewables are in the pipeline to be tendered in Europe. The total consists of 17 GW of wind and 6 GW of solar PV, with the remaining auctions being either technology-neutral or applying to several sources, according to a report published by Wood Mackenzie. »Previous auction outcomes indicate that there is no guarantee that the targeted volumes will be achieved,« said the consultancy. »But over the past three years, European auctions have seen an average award rate of 70 percent.« If this same level of success is achieved in 2021, »we could see upwards of 30 GW of capacity awarded.«
The UK is targeting 12 GW from the fourth allocation round of its Contract for Difference (CfD) scheme. The round will include three technology pots with onshore wind and solar PV being readmitted to the scheme. In Spain, a roll-over of the delayed 2020 auction will combine with the expected 5 GW annual target of the recent renewable energy auction decree. Wood Mackenzie expects to see »around 8 GW« targeted. Poland aims to auction 5.9 GW of offshore wind combining with onshore wind and solar PV auctions indicating a total of 8 GW.
© PHOTON

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