Results of the first auction under the new Italian renewables subsidy were announced on 28 January by GSE, the country’s energy agency. The format of the auction provides top-up premia for generators, with developers bidding reductions of between 2% to 70% against a reference price of €70/MWh (£59.40/MWh).
This was the first in a series of seven auctions planned over the period to end-2021, with the next to be held this month. Up to 4.7GW of capacity will be supported in total.