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The auctioned capacity is 288,21MW and battery storage systems of at least 2-hour duration and of maximum capacity up to 72,05MW can participate. The announcement also highlights a reduction in the CAPEX support from €200k/MW down to €100k/MW, and an associated reduction in the required guarantees from €250k/MW down €150k/MW. The submission deadline is on 22 December 2023.

LDK Consultants S.A. is here to guide you through the submission phase. Our expertise extends to providing strategic insights on optimizing your battery's operation in the market, ensuring maximum flexibility in bidding prices to align with your investment goals.

It is worth noting that results from the 1st Auction revealed that bids trended on average 57% lower compared to the starting price. Mainly small capacity projects of the order of 25 and 50 MW participated in the auction, a move expected, as there was a participation limit per participant, at 25% of the auctioned capacity.

LDK Consultants is a trusted partner of international funders, investors and policy makers and is contributing with its blend of expertise in engineering and policy advice; its constant collaboration with the public and private sector is undoubtedly promoting the sustainability of the economy and environment worldwide.

The Group’s Energy sector constitutes one of the 6 major lines of service: Engineering & Project Management, Environment, Transport Infrastructure, Socioeconomic Development Consultancy, Information Dissemination.

LDK Consultants is a Group of consulting and engineering companies in 3 continents and offices in Greece, Belgium, Cyprus, Jordan, Kenya and Serbia.

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