clearing pricemeans the price of the marginal bid that fulfils the applicable qualification requirements in a competitive bidding procedure.
competitive bidding proceduremeans a procedure whereby producers of low or zero carbon products that have applied for Innovation Fund support are selected on the basis of the most competitive bid, in accordance with Article 13d of this Regulation;
competitive bidding procedure designmeans the description of the main economic parameters of a competitive bidding procedure that directly influence the incentive structure and bidding behaviour of project proponents;
decision launching a call for proposalsmeans a financing decision by which the Commission enables the financing of a call for proposals in accordance with Article 110 of Regulation (EU, Euratom) 2018/1046 of the European Parliament and of the Council (“the Financial Regulation”);
medium-scale projectmeans a project with a total capital expenditure above EUR 20000000 and not exceeding EUR 100000000;
qualification requirementmeans a condition that shall be fulfilled by a bidder in a competitive bidding procedure in order for its bid to be ranked;
ranking criterionmeans the criterion used in competitive bidding procedures to rank proposals that meet the qualification requirements.
small-scale projectmeans a project with a total capital expenditure not exceeding EUR 20000000;’;