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A ceiling price of \u20ac64.72\/MWh has been set in Greece’s first head-to-head renewable technology tender to procure 600MW of new capacity.<\/p>\n
Energy regulator RAE will hold Greece’s first combined wind and solar PV tender on 15 April.<\/p>\n
The call comes after nine wind projects, with a combined capacity of 159.65MW, were awarded 20-year\u00a0contracts in December 2018<\/a>\u00a0at a weighted average of \u20ac58.58\/MWh, 15.7% below the \u20ac69.53\/MWh price\u00a0from July\u2019s tender<\/a>.<\/p>\n The December auction for large-scale PV projects was cancelled, but the average weighted price in a July\u00a0 2018PV tender awarded capacity to 59.92MW across eight projects at \u20ac63.81\/MWh.<\/p>\n Sites entering the tender must have a capacity of at least 50MW, represented either by a single wind farm or a number of projects using the same substation.<\/p>\n Single or aggregated PV projects must be at least 20MW. Developers wishing to participate in the April tender must submit an online application by 21 March.<\/p>\n The tender’s terms are not entirely adversarial. Provision has been made for hybrid wind and PV projects, of at least 50MW in total capacity and sharing substations, to enter.<\/p>\n Projects submitted in the auction must have a power generation license and a grid connection agreement.<\/p>\n The full 600MW in capacity will be awarded provided there are bids for at least 840MW, or a 40% over-subscription rate, below the 75% over-subscription level set for last year\u2019s auctions.<\/p>\n