Czech renewable energy support auctions attract first two bidders, but none fully subscribed

The Ministry of Industry and Trade has received the first two applications for renewable energy support awarded through an auction. Although the auction conditions were adjusted to make it more attractive, only two bids were submitted. Both bids were submitted in the category intended for wind power plants, which nevertheless remained undersubscribed. The Ministry of Industry and Trade confirmed the number of bids submitted. 

In the Czech Republic, the allocation of support through auctions has only been enshrined in law since January last year. Although many experts expected this new framework to accelerate the development of renewable energy, the auctions have so far failed to meet expectations.

The Ministry of Industry and Trade had announced its second auction. In the first one, which ended in December last year, not a single bid was submitted. The ministry therefore announced a new auction before the end of last year. The deadline for submitting bids in this second auction ended on Wednesday.