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

Romanian journalists uncover giant hybrid power plant project Serbian border

Romanian journalists uncover giant hybrid power plant project on Serbian border

30 March 2023 - A dormant wind, solar and pumped hydropower project valued at EUR 1.9 billion has been unearthed in a Romanian media report

us renewables texas coal nuclear eia

Renewables outpace coal for first time in US power production

30 March 2023 - The US power sector produced 4,090 TWh last year, and the share of renewables was 21%, the Energy Information Administration said.

Djedovic Dedovic Serbia promote energy storage renewables law

Đedović: Serbia to promote energy storage with changes to renewables law

30 March 2023 - To avoid a delay in connecting their renewable power plant, investors will need to add batteries, according to the renewables bill

Greece PPC Renewables two solar power plants f 250 MW

Greece’s PPC Renewables finishing two solar power plants of 250 MW in total

29 March 2023 - PPC Renewables said it would complete two photovoltaic facilities in Greece's coal hubs by the end of the month