30 Sep '15, 10am

Endesa buys 333GWh of solar power at Iberian auction

The new index for solar products helps analyse solar technology's behaviour in the financial markets. Flickr: fdecomite Spanish utility Endesa has purchased 333GWh of power at the Iberian solar energy auction, which the company claims is equivalent to purchasing 1.2GWp of capacity. The auction, held on 29 September, was organised and supervised by the Iberian Energy Derivatives Exchange (OMIP), an agency which covers the energy derivatives market of both Spain and Portugal. In July Endesa announced that it was going to encourage quarterly auctions to be held and supervised by OMIP. In these auctions, Endesa would represent the sole end purchaser of the power up to a maximum of 500GWh. Forward-type financial contracts have been established based on the SPEL Solar index published by OMIP, which received the approval of the Portuguese financial regulator CMVM, the Portuguese ...

Full article: http://www.pv-tech.org/news/endesa_buys_333gwh_of_solar_p...

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