A ministerial decision on the terms, conditions and scheduling of one last mixed RES auction for solar and wind energy capacities to be held under the current legal framework is expected within the next few days.

A capacity of 350 MW will be offered to the auction’s participants early in 2021. It remains unclear if the capacity on offer will be evenly distributed for the solar and wind energy sectors.

Once the ministerial decision is delivered, RAE, the Regulatory Authority for Energy, will officially announce the auction.

Investors will be given more time than usual to obtain supporting documents needed for auction participation as a result of the extraordinary lockdown-induced conditions, sources informed.

The session’s 350 MW to be offered represents the remaining capacity from auctions in 2020.

The energy ministry has submitted an application to the EU for an extension of competitive procedures concerning RES projects until 2024.

The new auction model is expected to incorporate improvements based on increased competition through more active target model participation and price reductions benefiting consumers, while also ensuring a clear-cut framework for RES producers.