Pixie Chart of the week | New Italian renewable subsidies awarded

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.

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