600 MW Greek RE Tender Gets 638 MW Bids

Greek Energy Regulator RAE Receives 638 MW Total Bids For 8 Projects In Response To Oversubscribed 600 MW Joint Solar PV & Wind Power Tender
05:07 AM (Beijing Time) - 06. April 2019

The Greek Regulatory Authority for Energy (RAE) has received bids amounting to a total of 637.78 MW for the country’s first joint solar PV and wind power tender.

Key Takeaways

  • Greece’s first joint wind and solar PV tender has been oversubscribed that originally offered 600 MW of capacity
  • Bids it has received add up to a total of 637.78 MW to be developed in the form of 8 projects, according to country’s energy regulator RAE
  • April 15, 2019 is when the electronic auction for the tender is scheduled to be held

The Greek Regulatory Authority for Energy (RAE) has received bids amounting to a total of 637.78 MW for the country’s first joint solar PV and wind power tender with 600 MW capacity (see Greece Launches 600 MW RE Tender).

RAE has not specified how much interest both solar and wind power technologies have received out of 637.78 MW.

The 637.78 MW capacity has been proposed to be built in the form of 8 projects. Ceiling tariffs for the tender are capped at €64.72 ($72.87) per MWh with minimum bid for solar power projects being 20 MW and 50 MW for wind projects.

As per the auction schedule, April 15, 2019 is when the electronic auction is supposed to take place.

In the first renewable energy auction in Greece, the country awarded more than 277 MW of capacity with solar bagging 106 MW (see First Greek RE Auction Awards 106 MW PV).

Anu Bhambhani

Anu Bhambhani is the Senior News Editor of TaiyangNews

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Anu Bhambhani