05 Jan '18, 7pm

European Commission Approves Greek Auction Scheme for Renewable Energy: Renewable Energy Magazine

European Commission Approves Greek Auction Scheme for Renewable Energy: Renewable Energy Magazine

Under the scheme, Greece will organize separate auctions for wind and solar installations this year in order to determine their market potential. In 2019, joint auctions for both wind and solar installations will be held to increase competition and reduce the cost for Greek consumers of renewable energy. Support for other renewable energy technologies will be subject to auctions as soon as they reach a predefined level of market penetration. Moreover, Greece will evaluate the bidding processes in 2020, before designing bidding processes for the period 2021-2025. The Commission concluded that the Greek auctioning scheme will boost the share of electricity produced from renewable energy sources, in line with EU environmental objectives , while any distortion of competition caused by the state support is minimized. Commissioner Margrethe Vestager, in charge of competition pol...

Full article: https://www.renewableenergymagazine.com/panorama/european...

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