Solar Undersubscribed In Greek 300 MW Tender

Solar PV & Wind Power Tenders Of 300 MW Each Undersubscribed In Greek Renewable Energy Auction; RAE Says Solar Secured Little Over 200 MW Bids
05:21 AM (Beijing Time) - 13. June 2019
greek solar wind tender 2019

Wind fared a little better than solar PV in Greece's 2 x 300 MW tender as it secured more bids than solar. However, both the solar and wind tenders were undersubscribed.

Key Takeaways

  • Greek renewable energy auction for 300 MW each for solar and wind power capacity has seen fewer bids for both technology than offered
  • RAE of Greece says solar PV managed to secured bids totalling 200.26 MW with 68 projects
  • Wind power projects attracted bids of 261.75 MW with 12 projects evincing interest

Both solar PV and wind power tenders of 300 MW each in Greece have been undersubscribed. The European country’s energy regulator RAE says solar has received total bids of 200.26 MW from 68 projects in total. Solar projects with a capacity of 20 MW or more were accepted for this tender.

The wind power tender too had only 12 projects proposed representing a total capacity of 261.75 MW. For this clean power technology, RAE was accepting bids for projects of 50 MW or more.

In all, 462 MW of bids were received against the 600 MW offered by the RAE. The winners will be announced later as per schedule.

RAE launched the 300 MW solar tender along with a 300 MW wind power tender in April 2019 with a deadline to submit proposals by May 31, 2019 (see Greece Awards Over 437 MW In 600 MW RE Auction).

In the previous joint solar and wind power auction with 600 MW on offer, RAE received 637.78 MW of bids but awarded only 437.78 MW with a weighted average price of the winning bids at €0.057 ($0.064) per kWh.

By 2020, RAE plans to procure 2.6 GW of new solar PV and wind power capacity through competitive bidding. Post 2020, the bidding process will be evaluated before the next bidding process is launched for the period between 2021 and 2025 (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