Renewables

First auctions for PV and wind in Greece announced in April

Greece, auctions, renewables

Photo: Pixabay

Published

November 23, 2017

Country

Comments

comments icon

0

Share

Published:

November 23, 2017

Country:

Comments:

comments icon

0

Share

While Greece is waiting for ministerial decisions related to a new legal framework concerning renewable energy sources (RES) installations and auction items, there are information suggesting that first auctions are expected in April next year.

The first round of auctions, in two separate events – one offering 100 MW for wind energy installations and another offering 100 MW for photovoltaic installations (PV), is expected to take place in April, energypress reported.

The Greek proposal on RES capacity installation auctions has been approved by the European Commission. Now it is up to Greek respective ministries to finalize decisions related to RES installations and their auction items. According to the portal sources, those decisions are on the final stretch.

Greece has recently installed 8.6 MW of new large-scale solar PV plants under its new policy framework for the support of renewable energy sources which is based on auctions and rewards successful projects with feed-in premiums. The first large-scale solar PV installations in the country since 2015 were installed by Hellenic Petroleum Renewable Energy Sources.

Three solar PV plants are part of the wider Hellenic Petroleum’s strategy to diversify activities into the area of renewable energy. The European Bank for Reconstruction and Development (EBRD) has supported Hellenic Petroleum’s diversification by subscribing to EUR 28.3 million in bonds issued by the Greek company.

The funds will support the company in developing a pipeline of photovoltaic and wind projects with a combined capacity of 190 MW.

The current Greek plan on RES capacity installation auctions, which spans over a three-year period, includes one PV and one wind energy sector auction per year offering investors a total capacity of at least 100 MW. That means three PV and wind sector auctions offering at least 300 MW between 2018 and 2020.

Two neutral pilot auctions for both technologies, with an offer of 200 MW each, are also included in the plan as well as the Evia island -Nea Makri submarine cable connection and the Cyclades interconnection, two non-mature projects where RES production licenses have not been submitted. Auctions for strategic PV investments by major-scale enterprises are also being planned. All these auctions are expected in the later stage of this three-year project.

For now, auctions are not being planned for biomass, biogas, small hydropower units.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

serbia law on energy changes

Government of Serbia adopts changes to Law on Energy

13 November 2024 - The Government of Serbia adopted the changes to the Law on Energy and sent them to the National Assembly for a vote

hse slovenia prapretno solar trbovlje hrastnik stokelj

Slovenia’s HSE to expand Prapretno solar power plant, install 7 MW battery

13 November 2024 - Utility intends to sell 10% of the annual production from the II phase of the Prapretno project to the municipalities Trbovlje and Hrastnik

Turkey offshore wind power potential 2040 estimated 7 GW

Turkey’s offshore wind power potential by 2040 estimated at 7 GW

12 November 2024 - The World Bank Group and Turkish Ministry of Energy and Natural Resources outlined the 2040 scenarios for the potential for the country's first offshore wind farms

Third battery auction proclaimed in Greece for 200 MW

Greece kicks off third battery storage auction – for 200 MW

12 November 2024 - issued a public call for the country's third auction for subsidies for standalone battery storage projects