Local energy authorities plan to officially announce, by the year’s end, a mixed RES auction under new terms just approved by the European Commission for an inaugural March session to offer tariffs to new land-based wind and solar energy facilities with a total capacity of 600 MW.

The new Brussels-approved terms will remain valid until 2025, the aim being to offer tariffs to RES and CCHP (combined cooling, heat and power) units totaling 4.2 GW over 20-year contracts.

It has yet to be specified how this capacity will be divided. The total cost of the remuneration plan is estimated at 2.27 billion euros.

The 600-MW capacity planned for the March session could be increased if officials deem that a sufficient number of new RES projects have reached maturity levels for tariffs.

A total of 1 GW in new RES projects are planned to receive tariffs in 2022, while, to facilitate proceedings, participants will lodge applications and supporting documents in a one-step process.