RES auctions to prompt major wind energy market changes
RES auctions to prompt major wind energy market changes by EnergyPress The upcoming RES auctions promise to bring about major changes in the wind energy market, including takeovers, mergers, new capital and new deals. Though different reasons are propelling various initiatives being taken in the sector, certain common factors do exist, including the restructuring of the RES special account by LAGIE, the Electricity Market Operator. It has rebounded into surplus territory, offering needed stability for robust market growth. The RES auctions, which, according to the energy ministry, will be launched in April, but are seen happening no sooner than May by pundits, promise to drive prices lower for the establishment of a more competitive wind energy market. Quite clearly, small and medium-sized firms will not be able to remain sustainable…