Greek completes PV tender with record-breaking EUR0.04911/ kWh toll

• Greece held its last round of renewable resource tenders in Athens on Thursday, leading to the most affordable toll ever before granted to a renewable resource project in the nation.

Greece has actually introduced a collection of renewable resource tenders to obtain brand-new solar PV as well as wind power capability in joint tenders as well as different public auctions. Previously today, it held its second-ever joint renewable resource tender with a solitary pot for both innovations. It wound up granting 502.94 MW of capability, consisting of 350 MW of solar.

The tender led to a record-breaking toll of EUR0.04911/ kWh for a 200 MW solar project that will certainly be integrated in Ptolemaida, a mining area in Greece's Macedonia area.

State-owned utility Public Power Corp. (PPC) is backing the project. The installment will certainly act as the beginning factor of a more comprehensive strategy to establish 3 GW of PV ability in the nation's mining areas.

Tender malfunction

EMV, which is backed by France's EDF, used a price of EUR0.05068/ kWh-- the tender's second-lowest toll-- for a 70 MW solar project in the town of Evrotas, on the Peloponnese Peninsula.

Heliothema Energy likewise won an agreement to develop a 42 MW solar park for EUR0.05087/ kWh in Thiva, main Greece. The tender's fourth-lowest proposal, at EUR0.05464/ kWh, relates to a 153 MW wind ranch that will certainly be integrated in north Greece.

Greece's Panagakos Group, at the same time, used the round's greatest toll for a string of PV parks that will certainly be established by 2 firms, Spes Solaris 3 as well as Spes Solaris Solar Concept.

The projects are specifically fascinating, as Panagakos has actually made a decision to join the public auction by bidding process for a collection of 9 solar installments found in a number of various geographical areas. This method, which remained in line with the regulations of the joint public auctions, was likewise complied with by various other prospective buyers, yet they were not effective.

This method is the reverse of what various other stakeholders carried out in previous public auctions. However it caused Panagakos safeguarding a solitary EUR0.05482/ kWh toll for all 9 of the PV projects, amounting to 75.88 MW of capability. The most significant of the 9 installments is a 38 MW project.

In Greece's very first joint solar as well as wind public auction in 2015, as an example, Germany's Juwi won 3 various agreements (139.24 MW, 27.68 MW as well as 37.37 MW) to develop a solitary 204 PV park in Kozani. It utilized a bidding process method in which it divided the 204 MW project right into 3 different sectors, with different suggested toll prices for each and every sector.

On Thursday, Panagakos bid for all 9 PV parks with a solitary toll.

Effective program

Greece's tender program has actually driven a stable decrease in tolls, which will certainly profit Greek electrical energy customers and also the nationwide economic situation. Much more notably, it has actually additionally grown an affordable setting for residential firms, as they currently require to establish affordable techniques to defeat worldwide gamers in the Greek market. This was something that was unimaginable simply a couple of years earlier.

Under Greece's renewable resource legislation, all wining tender projects get a costs toll.

The Greek federal government is currently concentrating on the nation's licensing program. An usual grievance amongst worldwide and also residential financiers is that they generally have a hard time to discover sufficient licenses to be able to join the tenders. The federal government is as a result preparing to present a brand-new plan that streamlines the licensing regimen, in order to make it simpler for capitalists to collect all the required files.

Lasting development

The Hellenic Association of Photovoltaic Companies (HELAPCO) released a record today covering the efficiency of the Greek PV market in 2019. The nation mounted 160 MW of solar capability in 2015, with ground-mounted PV parks representing the mass of the yearly enhancements, sustained by costs tolls and also the tender regimen.

Internet metering installments, at the same time, just represented 9.57 MW of enhancements in 2015. That capability was distributed throughout 362 PV systems. Greece's collective PV setups struck 2.8 GW at the end of December, making up concerning 7% of the nation's complete electrical energy demands, HELAPCO stated.

Greece's latest power and also environment policy strategy, released in December, consists of an installment objective of 5 GW of solar PV by 2030. The federal government has actually additionally sworn to eliminate coal by 2028 at the current.

Coronavirus problems

The continuous Covid-19 pandemic is a worry for the Greek economic climate and also its power industry. Nevertheless, Greece is doing incredibly well on this front. The nation presented stringent steps really at an early stage in the situation, enabling it to regulate the spread of the infection. It has actually just experienced minimal casualties so far, contrasted to various other countries.

The Greek federal government and also its individuals can provide Covid-19 situation monitoring lessons to much wealthier and also institutionally more powerful states. It currently shows up positioned to leave the existing situation with marginal problems and also losses.

Power business have actually supplied substantial aid hereof. Pay Per Click, for instance, has actually provided EUR5 million to acquire clinical tools, while Hellenic Petroleum has actually contributed EUR8 million to the Greek federal government to sustain the nation's pandemic feedback.