Greece plans large renewables tender in July

Greece is planning to tender 1 GW of wind and solar this July, as the country looks to continue driving down the cost of renewables.

Two separate auctions will be held, comprising 300 MW of wind and 300 MW of solar as well as a joined 400 MW later this year, a document released this week by the Regulatory Authority for Energy (RAE) shows.

The solar auction will be divided into two categories for small projects (below 1 MW) with a total of 70 MW and bigger solar farms (up to 20 MW), it said.
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Platts reports that the wind auction will see projects between 3 MW to 50 MW compete, the document shows with the deadline for both auctions July 2.

The document does not give details for the planned 400 MW joint auction where wind and solar will compete to drive down costs for renewables with Greece planning similar tenders in 2019 and 2020.

According to media reports, the auctions through to 2020 could attract up to Eur3 billion ($3.6bn) of investment with subsidized prices capped between Eur80-90/MWh in the first round in July depending on the category.

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