Image credit: Conergy
Solar has claimed the top spot at Greece’s second-ever technology-neutral renewable auction, producing prices below the 5-euro-cent-per-kWh mark as it bagged all contracts but one.
New figures from regulatory agency RAE show solar applicants scooped up 350MW of the 502.94MW in feed-in premia distributed under an online auction alongside wind power, held between 10:00 and 10:30 AM on 2 April 2020.
Participants started bidding from ceiling prices of €0.06132/kWh (US$0.066/kWh) but the top solar winner – a 200MW project utility PPC is planning in Eordaea, near the northwest city of Kozani – was chosen at a lower €0.04911/kWh (US$0.05306/kWh).
The second and third largest solar contract-winners (see table below) scored similarly low tariffs, at around €0.051/kWh (US$0.055/kWh). Every other PV project – as well as the 153MW sole wind power winner – was contracted at prices of around €0.055/kWh (US$0.059/kWh).
Top three solar winners of Greece's tech-neutral auction
|Project company name||Location||Capacity||Price|
|ILIAKO VELOS ENA S.A.||Eordaea, Kozani||200MW||€0.04911/kWh|
|HELIOTHEMA ENERGY S.A.||Thebes||42MW||€0.05087/kWh|
Country with 7.7GW PV ambitions cuts licensing red-tape
Solar’s sound performance on 2 April 2020 echoes the results of Greece’s first technology-neutral renewable tender, held in April 2019. Six of last year’s seven auction contracts were bagged by industry projects, including a 203.4MWp scheme recently sold by EPC juwi to oil firm HELPE.
Greece’s auctioning calendar is meant to help deliver sizeable green energy goals this decade. The latest national energy plan commits the country to taking installed PV capacity to a cumulative 7.7GW by 2030, up from the 2.76GW at the end of 2019. according to IRENA.
In office since last July, the government of the centre-right New Democracy party has acted to bring down renewable licensing barriers. From new certificates to dedicated registries, the new measures are meant to shorten delays for permits, said to reach 3-4 years in the case of PV.
The price milestones seen with technology-neutral auctions have contrasted so far, with a more muted response to PV-only tenders. As documented by PV Tech, the solar-specific exercises of last July and last December both ended in undersubscription.
Mar 10 - Mar 12, 2021
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Understand fully the technical and logistical supply chains that determine the production and performance of solar modules, including all related factors impacting quality, reliability & bankability. This event will be run as a live event in Penang for delegates able to attend and will also welcome virtual delegates via streamed content and online networking.
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The business of solar is changing, as the industry scales up, technology, IT and new players to the market will add complexity. This sparks a host of opportunities such as co-location of solar and storage and the rise of unsubsidised solar projects as well as challenges which will question the very business model of European solar asset owners. Solar Finance & Investment Europe is the meeting place for institutional investors, sovereign wealth funds, solar, wind and storage funds and large energy buyers to do business.