Greece finalizes photovoltaic power tender with record-breaking €0.04911kWh tariff
Updated: May 26
Greece has held its latest round of renewable energy tenders to procure new solar and wind power capacity in separate auctions in Athens. The photovoltaic tender resulted in a record-breaking tariff of €0.04911/kWh for a 200 MW solar project that will be built in Ptolemaida, a mining region in Greece’s Macedonia region.
Athens, Greece: 3 April 2020
Greece's Public Power Corporation (PPC), through its subsidiary PPC Renewables, successfully bid for 230 MW of photovoltaic power production agreements. This includes a 200 MW solar power plant in Ptolemaida, a mining region in Greece's Macedonia region. PPC Renewables won the tender with the lowest production tariff on record in Greece so far: €0.04911/kWh. The installation will serve as the starting point of a broader plan to develop an additional 3 GW of PV capacity in the country’s mining regions.
EMV, which is backed by France’s Electricite de France (EDF), offered a rate of €0.05068/kWh – the tender’s second-lowest tariff – for a 70 MW solar project in the municipality of Evrotas, on the Peloponnese Peninsula.
Heliothema Energy also won a contract to build a 42 MW solar park for €0.05087/kWh in Thiva, central Greece. The tender’s fourth-lowest bid, at €0.05464/kWh, applies to a 153 MW wind farm that will be built in northern Greece.
Greece’s Panagakos Group, meanwhile, offered the round’s highest successful tariff, at €0.05482/kWh, for a string of PV parks that will be developed by two companies, Spes Solaris 3 and Spes Solaris Solar Concept.All nine PV projects, totaling 75.88 MW of capacity, will be compensated at a tariff rate of €0.05482/kWh. The biggest of the nine installations is a 38 MW PV project.
Greece’s photovoltaic power generation system has driven a steady reduction in tariffs, which will benefit Greek electricity consumers and the national economy. More importantly, it has also cultivated a competitive environment for domestic companies, as they now need to set competitive strategies to beat international players in the Greek market.
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PPC Renewables. 08 April 2020
PV Magazine. 03 April 2020