Renewables

CROPEX sells largest number of guarantees of origin so far

CROPEX

Photo: Pixabay

Published

January 23, 2020

Country

Comments

0

Share

Published:

January 23, 2020

Country:

Comments:

0

Share

Croatian power exchange CROPEX said it has held its fourth auction of guarantees of origin (GO), selling 274,482.

It is the highest number so far. In the first auction, CROPEX sold 263,889 GOs and the tally was 194,049 in the second one, followed by 166,779 in the next round.

At the fourth auction of GOs for electricity from incentivized producers (Q4/2019), a total of 274,482 GOs were sold at a price of EUR 0.36 apiece, according to the press release.

Auction details:

  • Auction: Production from Q4/2019 (01/10/2019-31/12/2019)
  • Date: January 21, 2020
  • Time: 10:00 – 12:00 (CEST)
  • Primary Source of Energy: Wind
  • GOs Auction Quantity: 274,482
  • GOs Sold Quantity: 274,482
  • GOs Marginal Price (EUR/GO): 0.36
  • Minimum price from Bids (EUR/GO): 0.17
  • Maximum price from Bids (EUR/GO): 1.61
  • Number of Auction Participants: 4
  • Number of Auction Participants with Winning Bids: 4

CROPEX held its third auction in October.

In accordance with the law on renewable energy sources and high-efficiency cogeneration, HROTE, as leader of the ECO Balance Group for incentivized electricity production, started selling 30% of the energy output on the CROPEX day-ahead and intraday markets at the beginning of 2019, the exchange operator said.

In December 2019, the Croatian government decided to increase the share to 60% from January 1, 2020.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

German coal plant LEAG invest EUR 10 billion green energy

German coal plant operator LEAG to invest EUR 10 billion in green energy

05 October 2022 - LEAG is switching to wind and solar power, energy storage and sustainable mobility as Germany aims to phase out coal by 2038 or sooner

The largest offshore wind farms will be built near Aland in Baltic sea

The largest offshore wind farms will be built near Aland in Baltic sea

05 October 2022 - OX2 and Alandsbanken Fondbolag are developing offshore wind power in two projects near Aland in...

Ember: Turkey can halve dependence on imported fossil fuels in power generation by 2030

05 October 2022 - Ember prepared a study to summarize various electricity transition pathways towards 2030 under the guidance of recently conducted modeling studies

Steag LSG 66 MW solar park Bulgaria build another

Steag, LSG complete 66 MW solar park in Bulgaria, preparing to build another one

05 October 2022 - SENS LSG built a 66 MW solar park near Plovdiv. It is about to start the construction of 50 MW more in capacity in Bulgaria.