Greece renewables
Image credit: Hans Reniers - Unsplash

Greece’s Regulatory Authority for Energy (RAE) has announced plans to launch solar and wind power auctions, with a combined capacity of more than 512MW.

Competitive bidding will open on 7 October 2019, with two distinct categories – the solar tender will focus on photovoltaic (PV) generation smaller than 20MW, with a total capacity of 287 MW, and a maximum allowed bid price $73.66 per MWh, in a revere auction.

In the wind category, Greece will seek to award 225 MW of capacity with a bid ceiling of $75/kWh.

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Interested developers in both tenders will have time until November 4 to make online submissions and will be required to submit hard copies of their bids by November 7.

RAE will announce final results between December 12 and December 20.

According to the tender’s rules, RAE will allocate the whole capacity only if bids in excess of 40% of the total are received.