Greece

Greece

Greece momentum continues with record onshore prices

A single 153MW wind farm was successful in Greece's latest clean energy tender producing a new low price in the process.

Greece has just over 3GW of operational onshore wind capacity, according to Windpower intelligence (pic: Mario Zangas)
Greece has just over 3GW of operational onshore wind capacity, according to Windpower intelligence (pic: Mario Zangas)

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A partnership of 547 Energy, the renewables arm of Quantum Energy Partners, and Greek clean energy group Enteka’s subsidiary, Enora, won a 20-year power purchase agreement (PPA) with a bid of €54.64/MWh.

It will build its 153MW Aeoliki Vermiou Aeoliki Vermiou (153MW) OnshoreImathia and Kozani, Greece, Europe Click to see full details project in the Imathia and Kozani municipalities in northern Greece, and bring it online in October 2023.

The project partners’ winning bid beat the old record price of €55/MWh from an auction round in December 2018.

In total, 502.9MW of capacity — 153MW of wind and 349.9MW of solar PV — was successful in the latest tender, with 5.4MW of eligible capacity not selected.

Most solar PV developers secured cheaper PPAs, with only one 75.8MW project awarded a more expensive agreement than wind’s strike price.

Successful bid prices for both wind and solar PV projects ranged between €49.11/MWh and €54.82/MWh, with a weighted average of €51.59/MWh.

Wind’s strike price was below the €55.77-61.94/MWh range and €57.74/MWh weighted average in the country’s most recent wind-only auction in December 2019.

The 547 Energy-Enora partnership was also successful in the December round, securing four projects with a combined capacity of 135MW.

Coronavirus

The Greek government has extended licensing and construction deadlines to help developers during the coronavirus (Covid-19) pandemic, which has disrupted supply chains as countries enter periods of lockdown to stop the virus spreading. 

The timeframe for commissioning contracted projects due online in the first half of 2020 have been extended by six months. Sites that were expected online in H2 2020 have also been granted a four month extension.

The CEO of the Hellenic Wind Energy Association (HWEA), Panagiotis Papastamatiou, told Windpower Monthly the deadline extensions are sufficient provided Greece “returns to a normal situation soon”. 

“If the problematic situation and the restrictive measures continue, then the sector will need additional extensions," Papastamtiou warned. 

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