Albanian Minister of Infrastructure and Energy, Belinda Balluku, announced the opening of a 300 MW hybrid photovoltaic auction this Monday.
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| Belinda Balluku while clarifying the details of the Photovoltaic Panels auction |
Bidders have until May 17 to submit their technical and financial offers.
Balluku revealed that the maximum acceptable price for this auction will be €59.97 per MWh, and the winner will be announced on July 10 of this year.
"This auction will be successful since the criteria we will seek during this auction will be comprehensive, and we know that the interest has been significant. Therefore, we have decided to open a new auction for renewable resources from the sun," stated Balluku.
The first project, Karavasta, will commence by adding 140 MW of solar energy to the Republic of Albania. This addition, balancing solar energy with hydropower, including the Drin and cascade, aims to make Albania a net exporter of electricity by 2030.
The final deadline for announcing the winners of this auction is July 10. All participants will have until May 17 to submit their technical and financial offers.
How will this hybrid auction work?
Hybrid auctions refer to those in which the Albanian state is willing to purchase the energy produced by these auctions for a specified period, in this case, 15 years, without committing additional assets. In the current auction, the state is purchasing energy and it is the duty of all bidders to take measures for land, production, and the technology used.
The minimum offered capacity is 10 MWh, while the maximum capacity will be 100 MWh, allowing for at least three entities to participate. The total capacity of 300 MWh must be available for purchase by the Albanian state.
Photovoltaic parks with a capacity of 10 MWh, no less and no more than 100 MWh, are acceptable for bidding.
The maximum acceptable price in this auction will be €59.97 per MWh, determined through expert analysis and previous auction data," said the minister.