Greece awards 222 MW of wind, small solar in auction

Wind turbines in Greece. Author: Giannis Arvanitakis.

December 17 (Renewables Now) - Greece has awarded 159.65 MW of wind and 61.94 MW of small solar power capacity in an online auction held on December 10.

All of the awarded solar capacity refers to Category I projects with capacities below 1 MW. The weighted average price amounted to EUR 66.66 per MWh, with bids ranging from EUR 68.99/MWh to EUR 63/MWh, compared to a starting price of EUR 81.71/MWh.

The country’s Regulatory Authority for Energy (RAE) said in a statement that the competitive bidding process for Category II solar power plants, those with a size of between 1 MW and 20 MW, has been cancelled. A new process will be launched in January 2019.

In its Category III competitive bidding process, RAE sought to contract about 160.94 MW of wind power capacity, with individual project sizes of 3 MW-50 MW. Bids ranged from EUR 65.37/MWh to EUR 55/MWh, compared to a starting price of EUR 79.77/MWh. The weighted average bid amounted to EUR 58.58/MWh.

The largest wind project to win a contract has a capacity of 39.95 MW. The associated bid was of EUR 56/MWh.

(EUR 1.0 = USD 1.134)

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Ivan is the mergers and acquisitions expert in Renewables Now with a passion for big deals and ambitious capacity plans.

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