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auction

Offshore wind posts historic low bids in CfD auction

DONG Energy’s 1.386GW Hornsea 2 development, EDPR’s 950MW Moray Firth and Innogy-Statkraft’s 860MW Triton Knoll have all won offshore wind Cfd contracts in the UK’s second auction for the incentives, with winning bids as much as 50% lower than rates seen in the inaugural competition in 2015. Triton Knoll scooped a relatively generous GBP 74.75MWhr,… Read More ›

Third Mexican auction draws in 80 bidders

A total of 80 groups have lined up to bid in Mexico’s third long-term energy auction set for 22 November, according to the country’s secretariat of energy (SENER). Mexico’s National Center for Energy Control (CENACE) received 734 payments to pre-qualify for bids by a 31 August deadline, a 14% increase on the number of bids… Read More ›

Irish renewables consultation suggests slow burn for PV

Ireland launched its long-awaited public consultation on the design of future renewable energy support in the country this week (4 September), with details around budget size, MW targets and frequency of allocations yet to be determined. In consultation documents published on Monday, the Department for Communications, Climate Action and Environment (DCCAE) said new incentives for… Read More ›

Actis, Cubico financings show the way for Mexican renewables market

The first projects from Mexico’s 2016 renewable energy auctions reached financial close in August, backed largely by development banks. The pathfinder deals included various merchant risk mitigating features which future financings will be able to replicate, helping accelerate the growth of the country’s renewables market

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