Energy & Science
Spain’s Answer to High Power Prices Is More Renewable Energy
Spain launched an auction for 3.3 gigawatts of new wind and solar farms
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The Spanish government is moving to bring more solar and wind farms online after power prices soared to multiple records this summer.
Surging costs for natural gas and permits to burn carbon in the European Union are putting pressure on consumers just as the bloc’s economies struggle to recover from the pandemic. Spain plans to support 3.3 gigawatts of new solar and wind energy with the expectation that the extra supply will help drive down electricity prices.