Greece, Next RES auction in early September

, SEE Energy News

According to the ministerial decision, the next RES auction, to feature a new remuneration framework for investors, will be held early September.

The Regulatory Authority for Energy (RAE) will soon officially announce the auction, giving participants time to prepare for the auction.

The September RES auction will be a mixed session for solar and wind energy facilities and will offer tariffs for projects with a total capacity of 1,000 MW. Bidders will be able to submit multiple bids, the formula also used for the previous auction.

The new support mechanism will include different starting prices for wind and solar projects as installation costs for the two technologies differ. It will also include special auctions for small-scale solar and wind projects (below 1 MW and 6 MW respectively), as well as joint auctions for wind and solar facilities equipped with energy storage systems.

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