Greece awards 349.9 MW in 3rd mixed wind-solar tender

Greece’s Regulatory Authority for Energy (RAE) has awarded 349.9 MW of wind and solar projects in its latest online auction, in which prices reached as low as EUR 32.97 (USD 40.17) per MWh.

The competition, which was Greece’s third mixed solar-wind tender, sought to award 350 MW for both technologies. The bidding took place on May 24.

A total of 2,188 bids participated in the tender process, RAE said on Thursday. While the ceiling price for both categories was set at EUR 53.86 per MWh, bids ranged from EUR 32.97/MWh to EUR 51.2/MWh. The weighted average price stood at EUR 37.6/MWh.

The lowest bid was placed for a 19.3 MW project by domestic construction company Egnatia Group, which had a bunch of successful proposals. The full list of winners is available on RAE’s website.

The category for solar plants was open for projects of less than 20 MW, while the eligible wind schemes were required to have capacities of 50 MW or lower.

In April 2020, Greece awarded a total 502.94 MW of wind and solar power capacity in a mixed tender, with bids hitting as low as EUR 49.11/MWh. Another 614 MW of wind and solar projects were the winners in the second tender round in August.

(EUR 1.0 = USD 1.218)

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