Austria seeks to award 700 MW of solar, 190 MW of wind

• Austria is readied to open up a tender with a target date of December 13, seeking to assign 700 MW of solar, 190 MW of wind as well as 7.5 MWel of biomass capacity.

The rate for electrical power from solar power in this round is capped at EUR 0.0933 (USD 0.092) per kWh while projects for wind farms need to not go beyond EUR 0.0822 per kWh.

The cap for new biomass-fired nuclear power plant is set at EUR 0.1822 per kWh while for the repowering of existing facilities, the maximum price is EUR 0.1747 per kWh.

The proposals can be submitted in the three weeks before the target date, starting from November 22, 2022. Bidders are enabled to send a number of propositions for various systems.

The champions in the tenders will certainly be awarded a market premium developed to make up for the difference between the production costs of electrical power from renewables and also the ordinary market value for electricity. The subsidy, which was introduced on Wednesday, is the 2nd system meant to sustain renewables growth in Austria together with the financial investment subsidy.

In the existing setting of a lot higher electrical energy costs, market costs are unlikely to be paid out yet will certainly rather work as security in case market value fall once again.