Greece runs its first wind auction

10 July 2018


Seven onshore wind energy projects have been awarded licences by Greece’s Regulatory Authority (RAE) in the country’s first renewable energy auction.

The seven projects have a combined capacity of 171 MW and will be awarded  long-term contracts for difference (CFDs) to support their operation.

They include EDP Renewables’ 45 MW Livadi wind farm in central Greece.

The auction also included small- and large-scale solar photovoltaic (PV) projects, which were awarded 78 MW and 64 MW of capacity, respectively.

Greek energy and environment minister George Stathakis said that the competitive nature of the auction had helped to lower the price of renewable energy. The weighted average price for onshore wind projects came in at €69.53/MWh, while that for large-scale solar projects (1-20 MW) was €63.81/MWh.

Wind industry association WindEurope said that the prices achieved in the wind auction were lower than expected. WindEurope Chief Policy Officer Pierre Tardieu said that the prices show that “the industry is regaining confidence in the Greek market and anticipates costs reductions in the short term when these projects will achieve financial closing and contracting”.

 

“These projects will unlock new investments in the Greek economy and create jobs in the supply chain,” Tardieu added.



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