At the first appointment of the wind sector in 2021, the conference ‘La Eólica y sus Mercados’, which the Wind Energy Association (AEE) celebrates today and tomorrow, experts from the sector will analyze renewable auctions, the next regulatory challenges and the market situation , among other outstanding topics.
The Spanish wind energy sector considers it necessary to establish the essential levers to help generate the necessary change for the re-industrialization of the Spanish economy, to ensure strategic industrial sectors with their own supply chain as a ‘country project’ and to activate the creation of the new industry energy, where hybridization, storage and hydrogen take center stage. “Boosting the Spanish wind sector is necessary to contribute to economic recovery in the coming years and ensuring its value chain must be a priority,” said Juan Diego Díaz, president of AEE, at the opening of the conference this morning .
The holding of the recent renewable auction has shown the interest on the part of the wind power developers in obtaining the remuneration scheme it offers, the commitment of the sector to advance annually towards compliance with the PNIEC, and the existence of a stock of mature projects, large enough to be able to cover these objectives over the next few years.
Multiple stakeholder participation strategies have coexisted in the auction. Its effectiveness must be measured by the ratio of projects actually executed within the allotted period together with the positive impact it generates in the value chain. On this day we analyze the possible improvements in the design and we will be able to compare with other auctions such as the Portuguese model.
Auctions are a tool that helps maintain a rate of increase in renewables, but it is essential to design them to extract the greatest benefits for the economy, under the premise that the products provided by each technology are not directly comparable to each other. However, auctions, even having this effect of visibility and market traction, must coexist with other remuneration schemes to meet the objectives of the PNIEC. The annual wind energy advance should be around 2,200 MW in order to reach 50,333 installed wind energy in 2030. “Ensuring an annual rate of progress of projects is essential to avoid tensions in the supply chain,” said Juan Diego Díaz .
A second auction is planned this year with a minimum power quota for wind power of 1,500 MW, which the wind sector expects to be higher. It is necessary to draw conclusions about the real competitiveness of each technology and the contribution it makes, both to the reduction of the price of electricity, as well as to the traction on the value chain, the greater reduction of emissions or even the greater use of electrical infrastructures minimizing their utility cost.
In any case, we are facing an already consolidated scenario of intense activity, which highlights the importance of the wind power sector, but which also contains certain risks that must be avoided. “Establishing the appropriate mechanisms to advance steadily while taking care of our industrial value chain must be a priority. With the increase in wind power and the coverage of the electricity demand that it offers, we are assigned a main responsibility for our society, in an environment of opportunities, but also challenges. Continuous improvement of the tools used will be the key to success ”, highlights the president of AEE.
Carmen Becerril, president of OMEL, participated in the opening of the conference. In his speech he has analyzed the role of the electricity market, and the foreseeable evolution that it will undergo, starting from the premise that the marginalist market design is assumed by European countries, but counting on the need to promote other schemes such as markets forward to offer scenarios with less fluctuations and greater price predictability. “Flexibility will be an indispensable condition for the functioning of electricity markets in the future, where there will be a greater penetration of renewables. OMEL participates in innovation projects in this regard. We recognize today more than ever the fundamental role that wind power has played to allow us to reach today with the current reality of renewables in our country, and the role it will play in 2030, being one of the main values ??of our system “.
A conference in which more than 200 professionals from the main companies in the sector have gathered, where we will review the situation of the market and the wind sector in Spain, as well as the main regulatory advances that have been consolidated and approved these months ago, among other topics such as new auctions and regulatory challenges, new financing models and PPAs, regulatory and balance markets, new emerging markets, or the hybridization of wind-based technologies, together with storage, and how to operate the facilities economically.
The ‘La Eólica y sus Mercados’ conference is sponsored by VIP from EDP Renewables, Endesa, Greenalia, Iberdrola, Naturgy, Repsol, Siemens Gamesa Renewable Energy, UL and Vestas; and as a collaborating sponsor to Axpo.