Renewables

Greece to auction 423 MW in solar, wind capacities on December 10

Photo: Pixabay

Published

October 23, 2018

Country

Comments

0

Share

Published:

October 23, 2018

Country:

Comments:

0

Share

Greece’s energy regulator, RAE, will hold three auctions on December 10 for a total of 423 MW of renewables capacities, including 194 MW of solar and 229 MW of wind capacity, according to an announcement on the regulator’s website.

RAE will auction a total of 94 MW for photovoltaic (PV) projects with an installed capacity of up to 1 MW; a total of 100 MW for PV projects with an installed capacity of over 1 MW and up to 20 MW; and a total of 229 MW for wind farms with an installed capacity of over 3 MW and less than 50 MW.

The deadline for the submission of applications to take part in the descending-price renewable energy auctions is November 12.

According to earlier reports, the starting prices in the auctions will be based on the best prices obtained in the first regular competitive auctions RAE held on July 2, when it awarded premiums for a total of 277.32 MW in wind and solar photovoltaic (PV) capacities. The prices obtained in the July 2 auctions were lower than in the December 2016 pilot tender.

On July 2, a total of 53.48 MW was awarded for 83 small PV projects, with a capacity of over 500 KW and up to 1 MW. The price range in this category was from EUR 75.87 to EUR 80 per MWh. Greece’s Egnatia Energia dominated in this category, winning 43 projects with a total capacity of around 34 MW.

In the category of PV projects of over 1 MW and up to 20 MW, a total of 52.92 MW across eight projects went for prices of between EUR 62.97 and EUR 71 per MWh. Germany’s ABO, which offered the auction’s lowest prices, won five projects with a total capacity of 45 MW.

In the third auction category, 170.92 MW of wind capacity across seven projects was auctioned off for prices of between EUR 68.18 and EUR 71.93 per MWh.

Spain-based EDP Renovaveis (EDP Renewables), a subsidiary of Portugal’s EDP Group, said it was awarded a contract for difference (CFD) for the largest project in this category, a 45 MW Livadi Wind Farm expected to launch operations in 2020. This is the company’s first move in Greece.

WindEurope, a Brussels-based association promoting wind power in Europe, has meanwhile welcomed the launch of the auction system, but it also called on Greece to include ambitious wind commitments in its national energy and climate plan it will need to submit by the end of 2019.

2020 targets out of reach except for solar

Greece’s renewable energy targets for 2020 appear to be unattainable, with the exception of the solar energy sector, energypress wrote recently, citing the latest official industry data.

The 2020 target of 2,200 MW for the PV sector has already been reached, with the existing capacities totaling 2,250 MW.

However, the wind energy sector, including offshore stations, is well behind on its 2020 target of 7,500 MW. Installations currently total 2,770 MW.

At the same time, the biomass sector’s capacities total 67 MW, compared to the 2020 target of 350 MW.

The installed hydropower capacities stood at 3,450 MW in August, well below the 2020 target of 4,650 MW.

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

Egypt add 1 1 GW solar wind power cheapest rates Africa

Egypt to add 1.1 GW in solar, wind power with cheapest rates in Africa

02 December 2022 - Two giant solar and wind power plants in Egypt will supply electricity at the lowest rates in Africa, IFC said

Electricity prices to be increased in Republic of Srpska from New Year

Increase of electricity prices in the Republic of Srpska as of January 2023

02 December 2022 - A large part of electricity consumers in the Republic of Srpska will be getting higher bills after the New Year

EU Energy Community support Serbia energy transition Várhelyi

EU, Energy Community extend support to Serbia in its energy transition

02 December 2022 - Minister of Mining and Energy Dubravka Đedović met with top officials from the European Union and Energy Community Secretariat

Romania allows prosumers to install photovoltaic panels in several locations

Romania allows prosumers to install photovoltaic panels in several locations

01 December 2022 - The Government of Romania adopted an executive order to make it easier for prosumers to connect solar panels to the distribution grid