Regulatory Authority for Energy (RAE) of Greece has announced that the next renewable tender would be held on 2 April 2020, with an application deadline set at 25 February 2020. It will offer feed-in tariffs (FiTs) to up to 500 MW of renewable power projects (for solar projects above 20 MW and wind projects above 50 MW). The maximum bidding price is set at €61.32/MWh, down from €66.02/MWh for solar projects and €68.25/MWh for wind projects in the previous tender closed in November 2019. Selected bidders will have to develop their projects within 36 months after the conclusion of the renewable auction.
Greece aims to raise its installed PV capacity from around 2.6 GW in 2018 to 7.7 GW by 2030. The first solar-plus-wind auction held in April 2019 was oversubscribed, attracting 638 MW bids compared to an initial 600 MW of capacity on offer. However, the July 2019 auction for 600 MW of solar and wind was undersubscribed, with RAE awarding only 54% of the initially-planned volumes (322 MW). In November 2019, the solar PV tender was undersubscribed, with 44 bids for 149 MW (half of the proposed capacity of 287 MW) and only 105 MW awarded, while the wind tender was largely oversubscribed with 16 bids for 491 MW, compared to 225 MW offered.
Do you want to become an expert on renewable energies auctions?
Discover our very detailed and regularly updated RES auctions database with worldwide coverage and a technical focus backed by academic research.
With our renewable energies auctions service you will be able to monitor auctions at a global level. Its (expanding) scope notably includes all major G20 countries and offers an especially fine tracking on Europe and South America.