Energy firms threaten to pull out of state renewables auction
Firms say structure of auction ‘unfair’, as price cap withheld until just before event
The government’s upcoming renewable energy auction could be massively under-subscribed as soaring costs for equipment, construction and finance threaten the economic viability of projects, an industry expert has warned.
Next month, the government is due to hold its third auction, known as RESS-3, which seeks to award state support for between 2,000 and 3,500 gigawatt hours of renewable onshore wind and solar energy.
However, the Business Post understands energy companies could pull their projects from ...