RES investors renew interest for 8 in 10 stagnant projects

Roughly eight in ten investors with RES projects that had stagnated after receiving final connection offers from power grid operator IPTO as they failed to submit, as a follow-up action, connection applications, have now responded to a deadline set by the energy ministry, determined to clear away any backlog of abandoned projects occupying valuable prospective grid capacity.

Investors behind stagnant RES projects that had received final connection offers until December 31, 2020 were given until June 30 to submit connection applications.

This wave of bogged down RES projects concerned a portfolio totaling roughly 900 MW.

According to energypress sources, investors behind projects totaling approximately 700 MW met the June 30 deadline connection applications, meaning that projects representing about 200 MW will now be withdrawn to free up some grid capacity.