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

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

The call for proposals, which ended on May 31, 2019, resulted in bids that were short of the initial targeted capacity in both categories. RAE said in a statement on Monday that 68 solar projects were proposed with a combined capacity of 200.26 MW. For wind, meanwhile, 12 projects were submitted for 261.75 MW in total.

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.

(EUR 1.0 = USD 1.130)

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