Augusta Energia and Bel Power projects secure long-term state-backed tariff through GSE’s FER 19 auction.
NatPower has successfully secured a long term, state backed tariff through the FER 19 auction in Italy, held by the GSE (Gestore dei Servizi Energetici), with two outstanding renewable energy projects: Augusta Energia (10.25 MW) and Bel Power (8.54 MW).
The projects were awarded a 20-year tariff at a price of 75.70 €/MWh thanks to a competitive offer, featuring a 3.16% discount on the government’s reference tariff.
This achievement marks an important milestone for NatPower, further strengthening its role in Italy’s energy transition by delivering high quality renewable energy projects.
What are the FER Auctions by GSE?
FER (Fonti di Energia Rinnovabile – Renewable Energy Sources) auctions are public tenders launched by the Italian government through the GSE to assign incentive tariffs to renewable energy plants with a capacity above 1 MW. Participants compete by offering a discounted price compared to the government-set reference tariff. The most competitive bids are awarded until the available capacity is exhausted.
The primary objective of these auctions is to encourage the production of renewable energy sources, including solar (photovoltaic), wind, hydroelectric, and biogas, at the lowest possible cost to the public. The projects that are awarded incentives benefit from a state-backed incentive tariff over a period of 20 to 25 years.
We talk about NatPower’s world and all the renewable energy market.
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