Wind solar storage tender price in Greece 2030

When is the next wind and solar auction in Greece?

Greece’s Regulatory Authority for Energy (RAE) said Wednesday the next auctions for wind and solar power will take place on July 27. Solar photovoltaic (PV) projects with capacities of 20 MW or less, and wind farms of 50 MW or less will be invited to take part in the competitive bidding processes, which will award long-term offtake contracts.

How much is a feed-in tariff for a solar project in Greece?

The new law has also put an end to feed-in tariffs for solar projects up to 500 kW in size. Developers of such installations with the necessary licenses can sign contracts with Greece’s Renewable Energy Sources Operator and sell the generated electricity in the electricity market at a feed-in tariff of €65.73 ($71.37)/MWh.

How much does a wind farm cost in 2023?

The maximum prices are the same as in last year’s auction for domestic projects. As for the auctions to take place in 2023, the prices were set at EUR 70 per MWh for PV and at EUR 83 per MWh for wind farms. Investors that win at the joint tenders will have a maximum of 36 months to realize wind projects and 30 months for PV.

How many GW of solar capacity does Greece have?

Image: Sandia National Laboratories, Wikimedia Commons Since 2016, when Greece introduced its competitive auction framework for renewable energy and held its first PV tender, the country has awarded more than 2 GW of solar capacity.

How much will solar power cost in 2023?

As for the auctions to take place in 2023, the prices were set at EUR 70 per MWh for PV and at EUR 83 per MWh for wind farms. Investors that win at the joint tenders will have a maximum of 36 months to realize wind projects and 30 months for PV. In the case of special auctions, the time is set at 23 months for solar power and 24 months for wind.

Is a long-term price hedge possible in Greece?

Corporate demand for long-term price hedges is expected to be less than half of PPA supply potential, however a larger utility PPA demand potential shows that the absorption of most of the merchant supply is possible in Greece up to 2030. The market is likely to be balanced between supply and demand or more lenient towards a buyer’s market