RES auction amounts limited, mature projects insufficient

RAE, the Regulatory Authority for Energy, will not offer the entire RES capacity amount allotted for 2019 at two upcoming RES auctions as market data has shown an insufficient number of mature projects for full absorption.

Solar energy investors with projects of between 500 KW and 20 MW will be offered 300 MW through the auction’s first category, while, in the other category, a further 300 MW will be offered to wind energy investors with projects of between 3 and 50 MW.

A ministerial decision signed by energy minister Giorgos Stathakis, offering 430 MW for solar energy projects and 400 MW for wind energy projects through RES auctions in 2019, was published in the government gazette last Friday.

The results of RES auctions staged last July and December, as well as data on the current amount of mature projects, were used by RAE for its calculations restricting the RES auction capacities offered.

RES auction participants have until May 31 to register. However, the date of the RES auction has yet to be set.