Greece's 2nd PV-wind public auction to tender 500 MW in April

Feb 7, 2020 05:53 PM ET
  • Power regulatory authority the RAE has claimed the nation will certainly organize its 2nd joint PV and also wind ability public auction on April 2.
Greece's 2nd PV-wind public auction to tender 500 MW in April
Image: dimitrisvetsikas1969/Pixabay

Greece's following renewable resource tender, on April 2, will certainly consist of solar as well as wind power and also will certainly include a EUR61.32/ MWh (EUR0.06132/ kWh) rate ceiling.

Interested prospective buyers have till February 25 to pre-qualify for the purchase workout and also have to hold a generation certificate released by power regulatory authority a grid as well as the rae link arrangement. Prospective buyers will certainly additionally need to pay a EUR5,000 cost as well as send appropriate monetary letters of assurance.

Competitors needs put on the tenders imply bids for 700 MW of generation ability have to be gotten for the complete 500 MW of projects to be assigned. The quantity of brand-new projects granted will certainly be minimized proportionately if the tender is much less than 40% oversubscribed.

Projects interpretation

The tender will certainly be open to solar centers with a generation capability of a minimum of 20 MW, which can be accumulated from project teams as long as they consist of a minimum of 2 solar ranches as well as link to the grid by means of a solitary substation. Collections of joint PV as well as wind projects making use of a solitary substation can likewise bid supplied they have a complete ability larger than 50 MW.

For wind projects the minimal capability is 50 MW, which can additionally be accumulated from smaller sized projects via one substation and also the purchase round is additionally open up to PV and also wind projects formerly approved 'calculated financial investment' standing by the federal government.

The very first such PV-wind capability tender, kept in April, brought in the country's most inexpensive tidy power rate-- EUR0.053/ kWh for a 60 MW solar ranch created by French state-owned utility EDF.

Greece's brand-new organisation landscape

Dionysios Papachristou, organizer of RAE's renewable resources public auction group and also supervisor of the regulatory authority's press and also public relationships workplace, informed pv magazine Greece's renewable resource tenders have actually achieved success in lots of means.

Papachristou stated the clear public auction routine had actually continuously driven down the expense of tidy power given that a pilot tender in December 2016 and also had actually cultivated a market-driven power organisation society in Greece.

The regulatory authority holds routine occasions to assist notify power capitalists. "We attempt to be open, interact the affordable personality of the tender regimen as well as get to capitalists with specific-themed workshops," claimed Papachristou. "This is a completely brand-new fact."

Due to the fact that of a big stockpile in refining the generation certificate applications called for by renewables designers to be qualified to complete in nationwide ability public auctions, the regulatory authority has actually come in for hefty objection.

Papachristou stated that was mainly to absence of team in a company taking care of succeeding waves of regulative reform as well as a substantial variety of certificate applications.

The pro-business federal government of Kyriakos Mitsotakis which was chosen in 2014 introduced last month a brand-new electronic licensing routine will certainly be taken on which will certainly reduce the obligation of the REA to busily refine applications.

The brand-new system will certainly be introduced as part of the federal government's purpose to include 5 GW of solar generation ability by 2030.

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