Europe: Brent oil, TTF...

During the fourth week of June, Brent crude oil futures prices experienced a...

Europe: Electricity prices fall...

In the fourth week of June, average electricity prices declined across most major...

Europe: Electricity demand rises...

During the week of June 23, electricity demand rose across most major European...

Solar and wind energy...

During the week of June 23, solar photovoltaic (PV) energy production rose in...
Supported byClarion Energy
HomeSEE Energy NewsGreece, Ministry of...

Greece, Ministry of Energy is planning to launch two special auctions for Q1 2023

Greek Ministry of Energy is planning to launch two special auctions in the first quarter of 2023 – the first would be hybrid RES auction on on- interconnected island and the second for the first wave of energy storage projects.

Regarding hybrid RES auction, the Ministry is still contemplating which cluster of islands will be included in the auction. It intends to take into account bidding levels submitted for an existing hybrid system on the Greek island Astypalaia, the westernmost of the Dodecanese islands, when it decides on the starting price for the auction.

As for the auction involving energy storage projects supporting the distribution network, the Ministry would prefer a quick process, as project development deadlines set by the Recovery and Resilience Facility (RRF), through which these auctions will be financed, are extremely tight. According to the RRF deadlines, contracts for the winning bidders need to be awarded before the end of 2023, and the storage facilities must be completed by the end of 2025.

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Europe: Brent oil, TTF gas and CO2 prices decline in late June amid easing Middle East tensions

During the fourth week of June, Brent crude oil futures prices experienced a decline. On Monday, June 23, the price settled at $71.48 per barrel, already 7.2% lower than the last session of the previous week. Prices continued to...

Europe: Electricity prices fall in late June amid lower gas costs and high renewables

In the fourth week of June, average electricity prices declined across most major European markets compared to the previous week. The United Kingdom’s N2EX market experienced the largest drop, falling by 28%. Other markets saw decreases ranging from 1.3%...

Europe: Electricity demand rises in most markets amid seasonal shifts and holidays

During the week of June 23, electricity demand rose across most major European markets compared to the previous week. Germany and Italy saw the largest increases, with demand growing by 8.2% and 8.1% respectively. France experienced the smallest increase...
Supported byVirtu Energy
error: Content is protected !!