I think we have to assume this is the guys like Renovatio who already have a plant and no PPA
Spain's largest utility company Endesa SA has purchased 300 GWh of power through the Iberian solar energy auction it held on Sep. 29. The auction ended with a closing price of €51.94 ($58.40) per MWh. Endesa had set a starting maximum price of €53.5 per MWh for the auction. The company said that the 300 GWh it has purchased through the auction is equivalent to an installed capacity of 1,200 MW of PV producers. The auction was managed by Endesa and OMIP, the agency overseeing the Energy Derivatives Market in the Iberian Peninsula, which includes Spain and Portugal. Spanish and Portuguese PV power producers selected through the auction will be granted contracts based on a representative index of Spain's solar output. The auction will be held four times a year. The next auction is scheduled for December. © PHOTON
Monty Bannerman
ArcStar Energy
+1-646-402-5076
www.arcstarenergy.com
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