Greece Launches 600 MW RE Tender

Greek Energy Regulator RAE Announces First Joint Solar PV & Wind Power Tender With 600 MW Capacity; Ceiling Tariff Fixed At €64.72/MWh; Bid Submissions May Be Made Till March 27, 2019
07:07 AM (Beijing Time) - 08. March 2019
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Greece had been planning to auction 300 MW each for wind and solar power plants, and 400 MW as combined capacity for the 2 renewable sources in 2018, but that didn’t happen. It has now launched a first joint tender for 600 MW. (Photo Credit: Anders Kristensen/www.goodfreephotos.com)

Key Takeaways

  • RAE of Greece has launched the country’s first joint wind and solar power tender
  • With a total of 600 MW capacity to be won, the tender is open to projects that previously earned strategic investment status
  • Last date to submit online applications is March 21, 2019 and for hard copies it is March 27, 2019

The Greek energy regulator RAE has launched a competitive tendering procedure for renewable energy power capacity of 600 MW. This is the country’s first joint tender for wind and solar PV installations.

Bids have been capped at €64.72 ($72.87) per MWh. Minimum capacity to bid for solar power projects is 20 MW, however it can be an aggregate of several projects together, bringing together at least 2 solar farms to be connected to the grid through a single substation. For wind, the minimal capacity is 50 MW, while clusters of joint solar and wind projects can have a total capacity of 50 MW, attached to a single substation.

RAE says the tender is also open to both PV and wind projects that previously were adjudged a ‘strategic investment’ status.

Interested bidders can submit online applications by March 21, 2019, and hard copies by March 27, 2019. An electronic auction is scheduled for April 15, 2019. More details on the tender can be viewed on RAE’s website.

“The auction is being deployed of Greece’s renewables masterplan for 2018-2020 unveiled in February 2018, according to which RAE planned to auction 300 MW of wind, 300 MW of solar PV and 400 MW of combined solar PV and wind capacity via a joint auction for both 2018 and 2019,” said market intelligence firm Enerdata. There was no joint auction in 2018 and in order to catch up, RAE decided to auction up to 600 MW for 2019 instead of the 400 MW originally envisaged in the masterplan.”

In May 2018, Greece announced its plans to hold competitive tender for solar PV and wind projects with 300 MW each, according to Bloomberg (see Greece To Hold Solar & Wind Tender In July 2018).

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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Anu Bhambhani