Italy Allocates 413 MW Of Renewable Energy Projects In 9th Auction

• The Italian energy agency awarded over 293 MW of solar capacity that will certainly be spread over 42 areas.
• Italy likewise awarded 4 wind energy projects having actually an incorporated capacity of more than 119 MW.

In a fresh advancement, the energy company of Italy, Gestore dei Servizi Energetici (GSE), has revealed the outcomes of the 9th renewable energy auctions of the nation. The firm allocated over 413 MW of capacity for renewable energy projects of over 1 MW in size.

Out of the total RE appropriation, the firm granted over 293 MW of solar capacity that will be spread over 42 areas, each project having size between 1.5 MW to 85.8 MW. It also granted four wind energy projects having actually an incorporated capacity of greater than 119 MW.

The effective bidders consist of Italian renewable energy entities like Acea, foreign players like Sonnedix as well as likewise independent unique objective vehicles (SPVs). The price cut price provided by RE programmers from the auction ceiling rate of EUR0.065/ kWh ranged from 2 to 2.5 per cent. The lowest bid stood at EUR0.06116/ kWh and the highest bid was EUR0.06124/ kWh.

Comparison with Previous Auctions

Information shows that the bids offered in the 9th renewable energy auctions were either higher or at par with the 8th auctions done by GSE. The discount price in the previous auctions ranged between 2% and also 3.02%. The authorities allocated 306 MW of renewable energy in previous auctions that were kept in June, 2022. The solar energy allotments were 300 MW because.

The 7th auction happened in January for the allowance of 710 MW of solar energy. The 6th auction allocated 297 MW of solar power.

The National Integrated Energy and also Climate Plan (PNIEC) of Italy obligates that 55 per cent of the country's power generation must originate from renewable energy sources by 2030. The solar energy will have 52 GW solar capacity.

Recently, Sonnedix Power authorized a 10-year PPA Statkraft AS to offtake 36GWh and also support the development of several solar power farms which the Sonnedix will develop in main as well as north areas of Italy.