Greece Awards Over 437 MW In 600 MW RE Auction

Greek Energy Regulator RAE Awards 437.8 MW Renewable Energy Capacity In Country’s First Joint Solar/Wind Power Auction Of 600 MW Auction; Launches Solar & Wind Auction For 300 MW Each
Greece Awards Over 437 MW In 600 MW RE Auction
  • RAE of Greece has awarded 437.78 MW of total renewable energy capacity in its 600 MW auction for solar and wind power projects
  • Weighted average price of the winning bids in the auction was €0.057 ($0.064) per kWh
  • Juwi of Germany says it won 47% of total capacity awarded with its 204 MW Kozani solar project selected

Greece has announced the results of its 600 MW renewable energy tender awarding only 73% of the total capacity with 437.78 MW contracted. The tender had been oversubscribed with offers coming in for 637.78 MW capacity (see 600 MW Greek Tender Gets 638 MW Bids).

Greek energy regulator RAE said the weighted average price of the winning bids in the auction was €0.057 ($0.064) per kWh with bids ranging between €0.053 to €0.06472 ($0.059 to $0.073) per kWh. Among selected solar projects were 3 projects with 140 MW, 37.37 MW, and 27.68 MW won by the same company in Kozanis region. The other winners were EDF Energies Nouvelle' subsidiary Heliothema Energy's 60 MW project, SPES Solaris-Solar Concept's 82.64 MW and 24.23 MW projects. One more winning project was a 66.6 MW project from Italian company Terna Energy. One 200 MW project was not selected.

Germany's juwi group says it has secured 47% of the awarded capacity as the company's 204 MW Kozani Solar Power Project was selected. It acquired rights to the project in November 2017 and developed it to market maturity.

Juwi says it competed with 4 other solar and one wind power project in the 30-minute online auction. Its winning tariff of €0.0573 ($0.064) per kWh was the highest tariff among other winners. Juwi says the 204 MW plant will be the largest solar PV project in Southeast Europe once it is connected to the grid by April 2021. Construction of the project on 400-hectare land in the north of Greece will begin in December 2019. On completion, it will generate over 300 million kWh of electricity annually.

New auction launched

Along with announcing the auction results, RAE has also launched 2 new tender proceedings for 300 MW of solar and wind power capacity each. For solar, projects will need to have a minimum capacity of 20 MW, and for wind the minimum limit is 50 MW capacity. Maximum auctioned capacity for both the technologies will be 300 MW each. Proposals may be submitted latest by May 31, 2019.

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