April 5 (Renewables Now) - Greece’s latest mixed-technology renewable energy tender has been oversubscribed, attracting 637.78 MW of bids, the country’s Regulatory Authority for Energy (RAE) announced.
The tender sought proposals for 600 MW of capacity at a maximum price of EUR 64.72 (USD 72.66) MWh. It was open to solar projects with capacities of at least 20 MW, while for wind, the minimum capacity was 50 MW. Clusters of wind and solar projects using a single substation were also allowed to participate, provided that their combined capacity was higher than 50 MW.
As previously announced by RAE, the tender will be deemed successful if bids for at least 840 MW of capacity are received, equal to a 40% oversubscription level.
Last July, Greece completed its first renewable energy auction, awarding about 277 MW of capacity. In December it awarded 159.65 MW of wind and 61.94 MW of small solar power capacity in another auction.
(EUR 1.0 = USD 1.123)