Solar energy projects dominated the number of applications submitted by RES investors for participation in an upcoming May 24 auction to offer tariff prices for PV and wind energy facilities, sources have informed.
Wind farm project applications appear to have been greatly outnumbered. Also, the level of applications concerning wind farm projects that failed to ensure tariffs at a preceding auction was particularly low. This category of projects was automatically entitled to participate in the May auction, to be staged by RAE, the Regulatory Authority for Energy.
The application deadline for the May auction expired yesterday. An official announcement has yet to be released as a result of pending contractual issues between RAE and CosmoOne, the provider of digital platforms used for these auctions.
The May auction, the final session to be held under current rules, concerns solar energy projects up to 20 MW and wind farms up to 50 MW. Tariffs for a maximum capacity of 350 MW will be offered.
In accordance with rules designed to help make these auctions competitive, participants will need to represent a total of 700 MW if this 350-MW capacity is to be offered in its entirety.
According to sources, wind farm applicants appear to represent a total capacity of approximately 300 MW, while the total capacity sum for PV projects is expected to be far higher.
A preliminary list of auction participants is scheduled for release on May 13, while the finalized list is expected May 20, once RAE has examined any possible objections.