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Greece's solar and wind auctions fail to attract investors

13 Jun 2019

The Regulatory Authority for Energy (RAE) of Greece has announced that the upcoming wind and solar auctions to be held in July 2019 will be undersuscribed. The solar auction offered 300 MW of PV capacity for projects up to 20 MW but only attracted 68 proposals with a combined capacity of 200 MW. The wind auction, which offered 300 MW of capacity up to 50 MW, only attracted 12 projects totalling 262 MW.

A technology-neutral auction was held in April 2019, where six solar PV projects totalling 437 MW were selected, at record-low prices of €5.3-6.47c/kWh.

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