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    Vice President Teresa Ribera announces a major 'renovation' plan for the wind energy sector

    June 9, 2022 - CE Noticias Financieras


      The Government wants to dedicate 150 million to modernize 430 megawatts in the best wind farms in the country and other facilities.

      The Third Vice-President and Minister of Ecological Transition, Teresa Ribera, has taken advantage of the 3rd EXPANSIÓN International Forum to announce the launch of a plan to renovate the oldest wind power facilities in order to repower the generation parks and make the most of the natural resources.

      With this measure, the Government is responding to one of the historical requests of the sector, which has been demanding for years the possibility of renewing the power installed in the best wind farms in the country. Its request is that the change be made without losing incentives for the farms.

      "Today we have incorporated a new public consultation to understand how we can make the best use of resources to repower older wind farms, mini-hydro and wind turbine blade recycling," the minister assured. "Up to 150 million euros will be dedicated in competitive concurrence to facilitate the three key lines of modernization of what exists," he said.

      The government's intention is that the new plan will allow for the modernization of 430 megawatts of wind power, in addition to 50 hydroelectric plants. It also aims to make it possible to recycle wind blades equivalent to 19,000 tons per year and other materials. Since 2018, he said, Spain has raised its renewable power by nearly 10%, with a 23% increase in wind.

      "We haven't culminated them yet, but we have generated interest and support," Ribera noted. "Spain has just climbed one place in the attractiveness index for investing in renewables, to ninth, and there is growing interest in signing PPA (long-term) contracts to give stability to the industry. We are already ahead of the US," he said.

      Last week, the Ecological Transition activated another consultation for the development of offshore wind energy, whose projects are eligible for European funds and are not at an advanced stage due to "the physical characteristics of the Spanish seabed". The continental shelf sinks abruptly into the sea.

      Iberian derogation: "important step"

      The minister also alluded to the so-called Iberian derogation, approved yesterday by the European Commission. This formula allows Spain and Portugal to cap the price at which gas participates in the marginal electricity market in order to lower the final reference price.

      "Spain and Portugal have an exception endorsed yesterday by the European Commission that allows us for one year to have an exceptional adjustment that avoids the contagion of gas prices to the whole electricity market," said the minister.

      "It is an important step that opens a debate regarding the regulation of the electricity market, in need of modernization and updating, as yesterday the President of the European Commission highlighted in the European Parliament."


      We must work in the short term, paying close attention to the social impact", explained the Minister, who appealed to the "need to urgently adopt measures to accelerate the energy transition"


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