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• Mechanisms to encourage clean energy in Spain from 2005 to the present are analyzed. • FiT and FiP mechanisms can be effective in promoting new renewable projects. • Experience suggests that excessive support can jeopardize the entire market. • A transitional retribution scheme has proven to be effective if correctly supervised. This research paper delves into the central mechanisms implemented in Spain to foster the adoption of clean energy projects. The study scrutinizes various mechanisms established from 2005 onwards, evaluating their efficacy in achieving the desired outcome of supporting clean energy project implementation. The aim is to comprehensively assess the associated costs, effectiveness, and attainment of renewable energy objectives stemming from implementing diverse support schemes. This paper explores the effectiveness of feed-in tariffs and feed-in premium mechanisms in promoting the integration of new renewable energy generation into the power system. However, the Spanish experience suggests that exhaustive planning control is imperative to prevent excessive support costs that could jeopardize the entire market and cause a significant rise in final energy costs. The research studies the support schemes and associated market distortion and presents the roadmap from regulated tariffs to a "total market" for wind and solar energy. The findings demonstrate that, under proper supervision and planning, a transitional retribution scheme effectively promotes renewable energy plant integration. Finally, the analysis examines the need to regulate the excess benefits that non-emitting power sources receive in a marginal price market, as this can lead to market imbalances and a substantial increase in final costs. These plans serve as a crucial tool in achieving the decarbonization objectives of the European Power System. [ABSTRACT FROM AUTHOR]

Wind power is one of the most important renewable energy sources worldwide. However, integrating these technologies in electricity markets faces challenges due to the intermittent wind speed, resulting in potential imbalances within power grids and subsequent inefficiencies. Traditional approaches for modeling the uncertainty simulate fixed wind power values in operational and planning models, which work well for the short term but are inadequate for medium-term decision-making due to lower forecasting accuracy and the inability to differentiate the imbalance risk faced in each simulated value. This paper proposes a novel methodology for incorporating wind energy imbalance risk into medium-term generation planning models. For this, we first simulate realistic wind power scenarios and perform a fitting distribution process to characterize the hourly wind power behavior. Then, we model the imbalance risk using quadratic-uncertainty cost functions for each simulated value. Subsequently, we conduct a temporal aggregation to reduce the computational burden, preserving the conceptual framework of the imbalance risk modeling. Finally, we propose a medium-term generation planning model that includes the imbalance risk model and the temporal aggregation strategy. Our approach is evaluated in a real-size case study formed by Spain, Portugal, and France's electricity markets, demonstrating accurate wind power imbalance risk modeling and lowered planning costs. • A new methodology to include wind energy imbalance risk in generation planning models. • Introducing a fitting process for modeling the distribution asymmetries of wind power. • Proposing a temporal aggregation method for efficient imbalance risk modeling. • The methodology is validated in Spanish, Portuguese, and French electricity markets. [ABSTRACT FROM AUTHOR]

• 2050 low-carbon economy pledge and Spanish photovoltaic investment plan. • Photovoltaic spatial allocations minimising unpredictable variability. • Impact of wind energy investments on the optimal photovoltaic spatial allocation. • Allocation of photovoltaic and wind investments minimising supply–demand mismatch. • Assessment of the current photovoltaic investments in Spain. After a period of stagnation that lasted until approximately 2018, Spain has established an ambitious investment program in photovoltaics, derived from the pledge to switch to a carbon-free energy system by 2050, the sustained cost decreases of the technology, and the excellent irradiance values over its territory. This paper implements an additional criterion for the spatial allocation of these investments based on minimising the energy variability generated because of weather intermittency. The analysis is based on hourly data for the years 2005–2020 (inclusive), in various locations homogeneously spread throughout Spain. Subtracting the deterministic daily and annual irradiance cycles to estimate the variability of the random component is discussed. Failing to do that yields significantly higher and distorted values for solar energy variability, resulting in low investment proportions when combined with other energies, like wind. The first results show that a straightforward, equally-weighted allocation of investments is suboptimal. It is also shown that investing in low-irradiance locations contributes to reducing overall variability. Secondly, the study analyses overall power variability minimisation conditional on a given wind investment weight. It is found that the impact is significant spatially, and that proportions of wind energy above 10% increase aggregated variability across all levels of aggregated power generated. Nevertheless, investment proportions in wind energy below 10% reduce the overall combined variability significantly due to the negative correlation between wind and solar irradiation. The third point addressed is the minimisation of the mismatches between renewable energy supply and aggregate electricity demand. The optimal proportion for solar and wind investments becomes close to 50% in this case. However, this proportion tilts towards solar investments if variability minimisation is also considered. Finally, the current spatial distribution of photovoltaic investments in Spain is analysed, and it is shown that there is room for improvement. It is also found that the current ratio between wind and photovoltaic energy may not be optimal, and that it would be advisable to increase proportionally more photovoltaic energy. [ABSTRACT FROM AUTHOR]