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Greece to auction 600 MW in wind, solar capacities

March 7, 2019 | Comments: 0Author:

Photo: Pixabay
Greece to auction 600 MW in wind, solar capacities

Greece’s energy regulator, RAE, will offer 600 MW in renewables capacities in the first joint tendering procedure for both wind and solar photovoltaic (PV) capacities next month, with bids to start at EUR 64.72 per MWh, according to an announcement from the regulator.

The deadline for the submission of applications is March 21, with an electronic auction scheduled for April 15.

Greece auctioned off around 221.6 MW in combined renewables capacities on December 10, selling approximately 61.94 MW in solar photovoltaic (PV) capacities and 159.65 MW in onshore wind energy capacities, at prices lower than those achieved in the previous auctions, according to an earlier press release from RAE.

The prices achieved in the two successfully completed categories on December 10 were by up to 26.56% below starting prices, RAE said.

With 277.32 MW auctioned off in the first regular competitive auctions, held in July 2018, Greece sold nearly 500 MW in solar and wind capacities in total in 2018.

Hellenic Petroleum plans to invest up to EUR 250 million in renewables over next 5 years

Oil company Hellenic Petroleum has meanwhile announced it plans to invest between EUR 200 million and EUR 250 million in the renewable energy sector over the next five years, to boost its renewables capacities by 300 MW, from 26 MW currently, according to reports.

The investments will go toward solar, wind, and biomass projects, according to reports.

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