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Greece misses targets in two 300-MW auctions for solar, wind

Wind turbines in Greece. Author: Giannis Arvanitakis.

June 13 (Renewables Now) - Greece’s Regulatory Authority for Energy (RAE) has awarded 462 MW of wind and solar projects in its recent technology-specific renewable energy tenders.

The competitive bidding processes, which ended on May 31, 2019, ended with bids that were short of the initial targeted capacity in both categories. RAE said in a statement on Monday that the winning solar projects are 68, with a combined capacity of 200.26 MW. For wind, meanwhile, 12 projects were selected for 261.75 MW in total.

No information about the bidding proposals was available.

The tenders targeted 300 MW of projects for wind and an additional 300 MW for solar photovoltaic (PV) capacity. The maximum allowed bid price in the solar auction was EUR 69.26 (USD 78.24) per MWh, while the bid ceiling in the wind tender was set at EUR 69.18/MWh. Projects with individual capacities ranging between 500 kW and 20 MW were allowed to take part in the solar solicitation, while the wind competition sought projects of up to 50 MW.

RAE previously said it expects 430 MW of PV and 400 MW of wind to be awarded in technology-specific auctions by the end of the year.

(EUR 1.0 = USD 1.130)

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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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