Greece

Greece

Greece pitches wind against solar in 600MW tender

A ceiling price of €64.72/MWh has been set in Greece's first head-to-head renewable technology tender to procure 600MW of new capacity.

Greece has a little under 3GW of wind capacity installed, according to Windpower Intelligence (pic: Eren)
Greece has a little under 3GW of wind capacity installed, according to Windpower Intelligence (pic: Eren)

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Energy regulator RAE will hold Greece's first combined wind and solar PV tender on 15 April.

The call comes after nine wind projects, with a combined capacity of 159.65MW, were awarded 20-year contracts in December 2018 at a weighted average of €58.58/MWh, 15.7% below the €69.53/MWh price from July’s tender.

The December auction for large-scale PV projects was cancelled, but the average weighted price in a July  2018PV tender awarded capacity to 59.92MW across eight projects at €63.81/MWh.

Sites entering the tender must have a capacity of at least 50MW, represented either by a single wind farm or a number of projects using the same substation.

Single or aggregated PV projects must be at least 20MW. Developers wishing to participate in the April tender must submit an online application by 21 March.

The tender's terms are not entirely adversarial. Provision has been made for hybrid wind and PV projects, of at least 50MW in total capacity and sharing substations, to enter.

Projects submitted in the auction must have a power generation license and a grid connection agreement.

The full 600MW in capacity will be awarded provided there are bids for at least 840MW, or a 40% over-subscription rate, below the 75% over-subscription level set for last year’s auctions.

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