September 16 (Renewables Now) - Greece’s Regulatory Authority for Energy (RAE) on Friday announced plans to launch technology-specific auctions for wind and solar power projects with a combined capacity of over 512 MW.
The competitive solicitations will open on October 7 and will be held in two separate categories. The solar tender will target photovoltaic (PV) power stations smaller than 20 MW, with a total capacity of 287.11 MW. The maximum allowed bid price in this reverse auction has been set at EUR 66.02 (USD 73.66) per MWh.
The second category, meanwhile, will be for wind projects of up to 50 MW in size and will seek to award 225.45 MW of capacity, RAE said. The bid ceiling for this tender is set at EUR 68.25/kWh.
Interested developers in both tenders will have time until November 4 to make online submissions and will be required to send hard copies of their bids by November 7. RAE will announce the final results between December 12 and December 20. According to this tender’s rules, RAE will allocate the whole capacity only if bids for more than 40% of the total are received.
(EUR 1.0 = USD 1.116)