Solar Tariffs Down to a Record Low of Rs 4.03/ kWh in Greece

• The current round of renewable resource tenders was just recently kept in Greece, solar tolls going down to a record low of EUR 0.04911/ kWh or Rs 4.03/ kWh.

The most up to date round of renewable resource tenders was lately kept in Greece, with honors for 502.94 MW wind as well as solar projects in solar and also complete tolls going down to a record low of EUR 0.04911/ kWh or Rs 4.03/ kWh. The most affordable toll ever before granted to a renewable resource project in the nation.

The second-ever joint renewable resource tender with a solitary pot for both innovations was ended in Athens recently. Of the 502.94 MW capability granted in overall, 350 MW was for solar projects.

The record-breaking toll of Rs 4.03/ kWh was videotaped 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 Corporation (PPC) is backing the projects as well as the installment will certainly act as the beginning factor of a more comprehensive strategy to create an added 3 GW of solar ability in the nation's mining areas.

Arise from the tender were introduced by the nation's Regulatory Authority for Energy (RAE). The tender was performed on-line as well as brought in propositions varying in between EUR 49.11/ MWh as well as EUR 54.82/ MWh. The heavy standard of the winning projects totaled up to EUR 51.59/ MWh, which is a decrease from the EUR 57.03/ MWh in 2014's public auction.

The tender was topped at EUR 0.06132 per kWh.

A total amount of 44 proposals participated in the competitors that targeted 500 MW of ability. EMV (70 MW Solar) which is backed by France's EDF, Heliothema Energy (42 MW) and also Spes Solaris Solar Concept (75.88 MW) are amongst the names of the picked prospective buyers.

In its 2019 mixed-technology renewable resource tender, RAE granted 437.78 MW of power creating ability, nearly fifty percent of which (204 MW) was won by the neighborhood device of German project developer Juwi.

Lately, we reported that 547 Energy in collaboration with ENORA had actually been granted a 20-year power acquisition arrangement (PPA) by Greece's Regulatory Authority for Energy (RAE) for a 153 megawatt (MW) wind power project.