RES auction prices for solar energy projects dropped to as low as 53.8 euros per MWh at a session earlier today.

Approximately half the participating solar projects secured prices of between 60.5 and 61.8 euros per MWh, energypress sources informed.

The auctioned capacity for Category I, concerning solar energy installations of up to 20 MW, totaled 105,464 MW, while the finalized catalog of participants listed 43 projects with a total capacity of approximately 147,650 MW.

A RES auction for wind energy is also scheduled for today. Its Category II, for wind energy projects of up to 50 MW, lists 16 projects with a total capacity of 491 MW.

A bidding upper-limit of 66.02 euros per MWh was set for the solar energy auction, while the wind energy session’s bidding upper limit has been set at 68.25 euros per MWh.