-|| RES Auctions as of Sep. 05, 2022 in Greece_|_Electricity prices for PV & Wind investments_|_Key Results and Brief Analysis ||-

Sep 18

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New RES auctions held in Greece for RES (PV and Wind) Projects.

Greece held its latest round of (common) RES auction on September 05, 2022. Particularly, a capacity of 538.41 MW of PV and Wind investments was allocated (upon successful bids).

A total of 21 participants (RES projects totaling c.a. 960 MW) submitted bids. The energy/electricity prices (tariffs/FiP-CfD) ranged from €46/MWh to €60/MWh, while the weighted average was €47.98/MWh for PV projects and €57.66/MWh for Wind projects. The overall weighted average for both PV and Wind Projects was €50.97/MWh.

The high level of competition and the simplification of the licensing process were the main factors for the record low auction RES prices.

The results of the recent Greek RES auction are in line with results seen in tenders in other countries in Europe and globally.

The detailed official results of the aforementioned RES auction (Decision Nr. 691/2022 of the Regulatory Authority for Energy/RAE available in GR) are as follows:

decision-of-rae-nr.-691-2022_official-results-of-the-res-auction-as-per-sep.-05-2022-5Download

About Christos Gkikas

Senior Financial Advisor/Senior Project Manager/Investment Analyst. Strongly interested in Corporate Finance, Energy Project Finance, Electricity & RES Markets, Financial Engineering, Capital/Financial Markets, Investment & Population Analysis, Trading Economics and Global Demographics. Personal E-mail: c.ghikas@gmail.com

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