300 MW Greek Solar Tender Allocates 143 MW

RAE Selects 23 Solar Power Projects With 143 MW Capacity Under 300 MW Greek Solar Tender; Average Winning Bids Fall 9.37% From Ceiling Tariff
04:21 AM (Beijing Time) - 05. July 2019
greece 300mw tender

Even though the 300 MW solar tender launched in April 2019 in Greece was already undersubscribed, the awarded capacity was even less, as per RAE results.

Key Takeaways

  • The 300 MW solar PV tender launched in April 2019 by Greek energy regulator RAE has been awarded
  • Total allocated capacity for the undersubscribed tender was 142.88 MW as 23 projects
  • Weighted average winning bid was €€0.06278 ($0.071) per kWh against ceiling tariff of €0.06926 ($0.078) per kWh reporting a drop of 9.37%
  • Maximum projects were won by a company called Spes Solaris-Solar Concept AE

Greek energy regulator RAE has announced the results of the 300 MW tender it launched for solar and wind power each in April 2019. It allocated 142.88 MW of solar power capacity and 179.55 MW of wind power.

This is even lower than what the technologies received interest for as both were already undersubscribed. Solar received bids for 200.26 MW in the form of 68 projects and 261.75 MW for 12 wind power projects (see Solar Undersubscribed In Greek 300 MW Tender).

For the 23 winning solar projects, bids received were in the range of €0.0677 to €0.06195 ($0.0677 to $0.070) per kWh and the weighted average bid was €0.06278 ($0.071) per kWh while the ceiling tariff was €0.06926 ($0.078) per kWh reporting a drop of 9.37% from the starting price, RAE pointed out.

Projects awarded under the auction will have capacities of up to 20 MW. Most projects were won by Spes Solaris-Solar Concept AE. The detailed list of winners can be viewed on the website of RAE.

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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