Reolum wins 46 megawatts of renewable energy in the third MITECO auction.

Madrid. October 26, 2022. Reolum, a company specializing in the promotion and development of renewable energy, has been awarded 46.1 MW in the third energy auction convened by the Ministry for Ecological Transition and the Demographic Challenge (MITECO), held yesterday. The award was for biomass technology and at a price of €106.25/MWh.

Madrid. October 26, 2022- . Reolum, a company specializing in the promotion and development of renewable energy, has been awarded 46.1 MW in the Third energy auction called by the Ministry for Ecological Transition and the Demographic Challenge (MITECO) held yesterday. The award was for biomass technology at a price of €106.25/MWh.

Reolum's proposal consists of a biomass plant, with 49.9 MW of capacity and 370 GWh of annual electricity production, on the former grounds of the La Robla Thermal Power Plant (León), a town with a long tradition of industrial development and energy generation.

In parallel, and based on our philosophy of promoting a Just Transition, a synergistic auxiliary network will be created with the Reolum plant, both industrial and services-based, which will help mitigate the risk of population loss resulting from the successive closures of coal-fired power plants in the area.

Today is an important day for Reolum after almost 2 years of work on this project and we value the result of this auction as an important step to consolidate our project.“,” says Yann Dumont, CEO of Reolum.

The La Robla biomass plant will bring significant innovations that will improve both its efficiency, reducing production costs, and its environmental value. The latter, already benefiting from the use of biomass, which minimizes the risk of fires and maintains the phytosanitary quality of forests and their sustainability, are significantly enhanced in the Reolum project thanks to the introduction of several pioneering technical improvements.

Biomass plants, known as "baseload plants," can replace gas-fired plants to provide stability to the system and support other, more intermittent renewable energy sources, such as wind and photovoltaic.

Therefore, the installation of these types of plants contributes to achieving European decarbonization goals, taking advantage of local resources and promoting energy independence and security.

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