- Italy completes first solar auction excluding Chinese gear
- Average price 17% above ordinary renewable auction
- Auction backs EU push to cut reliance on Chinese components
Italy awarded more than 1.1 gigawatts of capacity to 88 projects in its first auction exclusively for solar projects built without equipment manufactured in China, setting an average price of 66.38 euros per megawatt hour.
The tariff is 17% higher than the average price for a renewable auction earlier this year that had no restrictions on equipment origin, according to data from Italy’s electricity services agency (GSE).
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The auction is among the first in Europe to apply non-price criteria linked to the European Union’s Net-Zero Industry Act, a package of measures that aims to curb reliance on low-cost renewable components from China.
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I hope for a “Only made in Europe” auction soon, but it’s a huge step in the right direction.