Hungary, MEKH has launched the nation’s fifth auction for renewable energy generation capacity

, SEE Energy News

The Hungarian Energy and Public Utility Regulatory Authority (MEKH) has launched the nation’s fifth auction for renewable energy generation capacity.

MEKH expects to contract around 864 GWh of renewable energy with this auction, of which 144 GWh should be contracted from power plants ranging from 5 to 20 MW and around 720 GWh from facilities with an installed capacity between 20 and 50 MW.

The bidding price is limited to 71 euros/MWh and 65 euros/MWh in the two categories. This time, there is also a requirement to provide battery storage capacity at 10 % of the planned installed capacity of the facility.

Bids will have to be submitted between 25 and 28 March. The auction is part of the METAR-KAT renewables incentive program introduced by the Hungarian government in 2017.