Spain's latest round of photovoltaic auctions has the lowest price of 0.01498 euros/kWh, a record low in recent years

The Spanish government stated that photovoltaic developers received approximately 2.04GW of capacity, and wind farm developers received 998MW of capacity, with a total allocated capacity of 3.03GW. The lowest price for solar projects is €0.01498 ($0.018)/kWh (about 0.018 USD, the highest price is €0.02890/kWh, and the average price is €0.02447/kWh. The lowest price for wind power generation is €0.020/kWh.

The lowest price of solar energy is only one-third of the auction price of renewable energy in 2017. The average price of solar energy is 80% lower than the average price of the auction in 2017, reaching the lowest level in the history of Spanish photovoltaic technology auctions. However, this lowest price did not exceed the €0.01120/kWh price recorded in Portugal in the latest auction, or the auction price in Abu Dhabi in July last year.

Editor: Kiko Lee

E-mail: kiko@Solargyroof.com

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