April 23 (Renewables Now) - Greece’s Regulatory Authority for Energy (RAE) announced on Monday two new technology-specific auctions for solar photovoltaic (PV) and wind power projects, each targeting 300 MW.
The competitive bidding process for solar targets PV power stations with capacities of between 500 kW and 20 MW, while the wind tender will contract projects of up to 50 MW. The maximum allowed bid price in the solar auction has been set at EUR 69.26 (USD 77.66) per MWh, while the bid ceiling in the wind tender is EUR 69.18/MWh.
RAE has set May 31, 2019 as the deadline for submission of applications.
The authority said in a statement that 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 1.121)