New low price set in Greek tender

Greece has awarded 20-year contracts to more than 470MW of wind projects, including one at a new record low price.

by Craig Richard 29 July 2020

Greece has just over 3.5GW of operational onshore wind capacity, according to Windpower intelligence (pic: Koliri/Wikimedia Commons)

Two developers were successful with bid prices below the previous record price for wind, which had been set in a clean energy tender in April.

Greek developer Ascent Power submitted the latest tender’s lowest bid (€53.86/MWh), while Vysima Ventavel (€54/MWh) also offered a price below the old record price of €54.64/MWh for a 153MW wind farm in an auction round held earlier this year.

In total, 15 projects with a combined capacity of 471.825MW — 9.625MW less than the 481.45MW on offer – were awarded contracts.

Prices ranged between €53.86/MWh and €57.70/MWh with a weighted average of €55.67/MWh.

Successful bidders also included Greek developer Thalia Energy, Swedish company Greenfield Wind, and French firm Valorem.

The most capacity was awarded to wind farms in Arcadia in southern Greece (three projects, 102MW), followed by Boeotia in central Greece (four projects, 94.5MW), and Kozani in the north (two projects, 81.6). 

Developers were also successful securing contracts for projects in Phthiotis in central Greece (two projects, 50.325MW), East Attica in central Greece (one project, 41.4MW), Achia in the south (one project, 38MW), Western Macedonia in the north (one project, 36MW), and Laconia in the south (one project, 28MW).

In a separate tender for solar PV projects, which was run concurrently to the wind round, developers secured offtake agreements with a combined capacity of 141.9MW from 142.4MW available.

Successful bid prices ranged between €45.84/ MWh and €62.45/MWh with a weighted average of €49.81/MWh.