The Serbian authorities have launched the nation’s first renewable energy auction, with 50 MW of PV and 400 MW of wind power. The projects will be supported through contracts for difference for 15 years.
The European Commission’s proposed renewable energy financing mechanism would enable wealthier EU nations to fund clean energy projects in poorer neighbors rich in solar potential.
The national goals set by European countries two years ago already look hopelessly out of date thanks to the global PV boom. The Euro trade association for the industry has called for ambitions to be radically scaled up in 2023 if the world is to have any chance of capping temperature rises at 1.5C.
Power company MVM will add new generation capacity to the 100 MW of solar it already operates in its homeland.
The EU member state added 418 MW of new solar in the first six months of the year and its energy regulator expects another 1.4 GW in the years ahead, as a result of the METAR incentives scheme introduced in 2017. The regulator has also announced a pilot renewables auction with the results expected early next year.
Three solar projects and five wind facilities were contracted in the procurement exercise. The auction’s final average electricity price was COP95/kWh, with a maximum bid of COP110.
The advent of permitting restrictions on wind power projects has opened the door for PV in the pending auction for renewable generation facilities with a capacity of more than 1 MW. Wind power dominates Polish clean energy and no solar projects were successful in last year’s exercise.
The Paraná-based energy provider will buy renewable energy under a 15-year power purchase agreement. The auction’s winners and final prices were not revealed.
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