Renewables

Greece’s RAE proposes stricter rules for renewables capacity auctions

Greece’s RAE proposes stricter rules for renewables capacity auctions

Photo: Pixabay

Published

February 6, 2018

Country

Comments

0

Share

Published:

February 6, 2018

Country:

Comments:

0

Share

Greece’s Regulatory Authority for Energy (RAE) has suggested stricter participation requirements for the new three-year renewable energy (RES) auctions in order to increase successful bidding.

The regulator has proposed EUR 1.000 as a minimum registration fee for renewable energy auctions to be calculated at EUR 150 per MW rate.

According to the proposals, participants will also be obliged to provide letters of guarantee representing one percent of investment totals. That would mean this term would cost participants EUR 1,000 for a 100 kW PV investment and EUR 125,000 for a 10-MW wind energy park, Energy press portal has calculated.

If another RAE’s requirement of a goodwill letter of guarantee, worth 4 percent of the total investment, get to be applied, it would mean EUR 4.000 for a 100 kW photovoltaic facility and EUR 600.000 for a 10 MW wind energy park.

The Greek Ministry of Energy planned two renewables capacity auctions within the first six months of this year: 300 MW for photovoltaic capacity and 300 MW for wind energy installations have been expected to be offered in 2018 separate auctions, while the joint auction for both PV and wind was planned in 2019.

The ministry expects joint auctions for both technologies to boost competition and cut cost for renewable energy consumers.

When European Commission approved the Greek auction scheme for the production of electricity from renewable sources and high-efficiency cogeneration, in early January, it said that the Greek auction scheme, in line with EU State aid rules, will further European Union energy and climate goals whilst preserving competition.

RAE now has proposed, however, that in 2018, in addition to 300 MW of solar and 300 MW of wind, 400 MW of combined technologies should be auctioned in joint-auction. The regulator considers the same scheme to be applied next year. In 2020, it said, there would be no need for the joint auction.

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

mercom top solar developers total

Who is largest solar developer in world? Oil supermajor

06 December 2023 - Of the top ten global solar developers, six are based in Europe, three in North America, and one in South Asia, according to the latest report

vetropack straza koer virtual power plant

Vetropack Straža joins KOER virtual power plant

05 December 2023 - Technology company KOER launched the first virtual power plant in Croatia in February 2022, becoming the first aggregator

Initiative Coal Regions Transition Western Balkans Ukraine leave behind

How can energy transition be just to people in coal regions

05 December 2023 - The authorities must act before people leave, according to the speakers at the annual meeting of the Initiative for coal regions in transition in the Western Balkans and Ukraine

North Macedonia just energy transition platform EUR 3 billion

North Macedonia presents just energy transition platform worth EUR 3 billion

05 December 2023 - North Macedonia is preparing an investment plan for a coal phaseout by 2030, grid strengthening, new capacities and the just transition