Next RES auction in early September, for 1,000 MW

The next RES auction, to feature a new remuneration framework for investors, is set to be held early September, following the signing of a related ministerial decision, which paves the way for the session’s official announcement by RAE, the Regulatory Authority for Energy.

The authority will officially announce the auction imminently, giving participants time to prepare for the session from early July onwards, according to energypress sources.

The signing of the ministerial decision, one of two signed, enabling the procedure to go ahead, was announced yesterday by the energy ministry’s secretary-general Alexandra Sdoukou during a speech at a conference, Green Deal Greece 2022.

Sdoukou reiterated that the RES auction will be a mixed session for solar and wind energy facilities and will offer tariffs for projects with a total capacity of 1,000 MW.

Bidders will be able to submit multiple bids, the formula also used for the previous auction, the energy ministry official noted.