The termination of a RAE (Regulatory Authority for Energy) RES auction category for photovoltaics up to 500 KW means smaller investors will encounter tough competition from major projects. Reference price levels have fallen drastically, a trajectory seen continuing this year.

Privately owned photovoltaics of up to 500 KW developed beyond auction terms will, on the one hand, take on low reference prices that will not secure high investment returns, but, on the other, these price levels will be significantly higher than levels expected to be set by authorities for RAE’s photovoltaic auctions during the same period.

These are some of the key conclusions reached following an analysis of reference price scenarios from 2020 until early 2021 by energypress with scientific support from Dr. Stelios Loumakis, president of SPEF, the Hellenic Association of Photovoltaic Energy Producers.

The analysis was conducted following the publication of a new ministerial decision by deputy energy minister Gerassimos Thomas on MW quantities per renewable energy technology to be offered at RES auctions in 2020, given the interest expressed by thousands of small-to-medium scale sector investors for installations of photovoltaics up to 500 KW.