Greece's Regulatory Authority for Energy (RAE) will launch a third combined tender for up to 350 MW of solar and wind power on 24 May 2021; applications for participation will be accepted by 22 March 2021. The Greek authorities intend to allocate solar power projects with a generation capacity of up to 20 MW, along with wind power plants up to 50 MW. The auction will have a €53.86/MWh price ceiling for the energy generated.
In July 2020, Greece’s latest wind auction for 481 MW of capacity attracted 15 bids for nearly 472 MW of capacity, with prices ranging between €53.86/MWh and €57.70/MWh (weighted average of €55.67/MWh). In addition, a separate solar auction was run for 142 MW. The entire capacity was awarded. Prices ranged between €45.84/ MWh and €62.45/MWh with a weighted average of €49.81/MWh.
Greece plans to extend the renewable tender programme until 2024. A further 6 solar-wind auctions could be launched by 2024, each allocating 350 MW and enabling to develop a total of 2.1 GW of new renewable capacity.
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