Renewables

KIEFER, Mytilineos dominate renewable energy auction in Greece

KIEFER Mytilineos renewable energy auction Greece

Photo: Michael Schwarzenberger from Pixabay

Published

May 25, 2021

Country

Comments

0

Share

Published:

May 25, 2021

Country:

Comments:

0

Share

The latest renewable energy auction in Greece was for both solar and wind power but, according to the local media, developers of photovoltaic plants won contracts for the entire capacity. KIEFER and Mytilineos are said to have scooped up more than 330 MW of the total 350 MW quota.

A record low price of EUR 32.97 per MWh for photovoltaics was achieved in a mixed renewable energy auction organized by the Regulatory Authority for Energy (RAE) of Greece. It compares to EUR 45.84 from July. The domestic news outlets learned there were no wins for wind power plants and that investors in solar power plants would get all the power purchase agreements.

According to unofficial information carried by EnergyPress, kIEFER was successful in its bids for 183 MW in solar power. The regulatory body offered an overall 350 MW. The article adds Mytilineos won 150 MW and that it achieved the said lowest price for a project of just 1 MW.

Lowest price landed significantly higher than in auctions in Albania

The news outlet learned that kIEFER secured 140 MW in its tariffs in a consortium with Lightsource BP, an affiliate of oil giant BP (formerly British Petroleum).

Of note, Voltalia managed to get deals at auctions in neighboring Albania for two solar power plants in the past year with offers of EUR 24.89 and EUR 29.89 per MWh.

Skrekas: Prices got to one third of the costs of producing energy from lignite

Minister of Environment and Energy Kostas Skrekas said the drop in prices was “impressive” and that it confirms the benefits of renewable energy technologies “maturing.” He also attributed the results to strengthened competition.

“With the increase in the penetration of RES in our energy mix, we achieve the supply of clean energy with more competitive prices for consumers,” Skrekas said and stressed the prices reached one third of the cost of the production of energy from lignite, demonstrating the need for reforms toward decarbonization while ensuring the viability of the special renewable energy sources fund – ELAPE.

Average price was EUR 40 per MWh

The auction started at EUR 53.86 per MWh and participants competed with their lowest bids. The average price landed at EUR 40 per MWh, a whopping EUR 9.81 less than last time for photovoltaics, according to the ministry.

Investors participated with projects of more than 1 GW in total. RAE earlier said 36 out of 126 registered endeavors were under 1 MW and that seven had planned capacity below 500 kW.

The Hellenic Association of Photovoltaic Companies (HELAPCO) recently said Greece added 913 MW in peak capacity last year, of which 459 MW was connected to the grid. As of the end of 2020, there were photovoltaic facilities of an overall 3.74 GW in the country or 3.29 GW in the electric power network.

HELAPCO said the remaining 454 MW in 780 systems was ready to be connected to the grid.

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

Third utility-scale solar power plant to be installed in Herzegovina etmax

Third utility-scale solar power plant planned to be developed in Herzegovina

17 September 2021 - The Government of the Republic Srpska decided to initiate the procedure for granting a concession for the Nevesinje PV plant.

eps e3 international energy crops EPS to burn biomass in coal power plants

EPS piloting mixing biomass with coal in its thermal power plants

17 September 2021 - State-controlled power utility Elektroprivreda Srbije (EPS) has launched a pilot project with US company E3 International

timmermans-energy-price-green-transition

Timmermans: energy price hikes should speed up green transition, not slow it down

17 September 2021 - Only about a fifth of the energy price increase can be attributed to the rising costs of CO2 emissions, while the rest is simply due to a market shortage, says the European Commission’s vice president in charge of climate issues.

Romania Oltenia switch coal solar power proceeds CO2 permits

Romania’s Oltenia to switch from coal to solar power using proceeds from CO2 permits

16 September 2021 - Romania hopes to get most of the EUR 671 million for solar power plants in coal complex CE Oltenia from the EU's Modernization Fund