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At a Glance: Spanish auction playing a role in lowering PPA prices

Spain’s most recent renewables’ auction celebrated in January and which resulted in average winning solar prices in the mid-EUR 20s/MWh range has exerted continued downward pressure on solar PPA contracts on offer from industrials, corporates and utilities, shaving several euros per MWh off average 10-year offtake prices available before the tender, according to industry sources. 

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