Forestalia expands its offer of clean energy production with 316 megawatts of photovoltaic awarded in the renewable auction.

Forestalia was already the biggest bidder of the last two auctions in wind and biomass, whose actions are in advanced processing.

Forestalia has been awarded 316 megawatts (MW) of photovoltaic power in the auction for new renewable energy installations, resolved today by the Ministry of Energy, Tourism and Digital Agenda. “With this auction, Forestalia expands, diversifies and complements its productive capacity, encompassing three of the main renewable energy technologies”, highlights the executive vice president of Forestalia, Fernando Muñoz, who emphasizes that the company “has been awarded the total of the power he was pushing for “.

Forestalia was the largest contractor of the last two auctions for the allocation of the remuneration scheme to new renewable energy facilities, with a total of 1500 MW of wind power and 108.5 MW of biomass electricity generation. Thus, Forestalia adds 1924.5 megawatts awarded among the last three auctions, and further consolidates its vision as a benchmark in the new paradigm of renewable energy generation, in an efficient, open and competitive market.

Advances after previous auctions

This third auction confirms again the strategy addressed by Forestalia since its inception, based on the maturity and degree of development of the projects. Forestalia is complying with its planning of all the projects derived from the two previous auctions, for its execution in time and form. In all cases, the projects are in the process of administrative processing and progress satisfactorily.

For the development of wind farms, Forestalia has a strong strategic alliance with General Electric (GE). In Aragon, where all the wind projects will be developed, the files have been declared of regional interest, which shortens the processing times.

“Forestalia opened the way for the generation of renewable energies, in a carbon-free economy, creating value and opportunities for sustainable socioeconomic development, with a positive and supportive return, especially in the territory where the projects are carried out”, recalls Muñoz, who “the technological maturity of the sector allows profitable renewable energies without the need for investment subsidies”.