-|| RES auction prices in Greece (PV & Wind) on July 27, 2020_|_Main Results and Brief Analysis ||-

New RES auctions held in Greece on July 27, 2020 for PV and Wind Projects.

As regards the PV Projects the auction’s highest bidding price was €62.45/MWh, while the average was €49.81/MWh. A total of 39 PV projects secured prices at the said auction.

“ABO Wind AG” was the most dominant bidder at Greece’s latest RES auction on July 27, 2020 securing approximately one third of the PV section’s total capacity for five (5) PV Projects (total capacity: 49.973 MW) in Prefecture of Thesprotia, Region of Epirus, NW Greece. The International Energy Company submitted the following auction’s bids: 45.84, 45.85, 45.86, 45.87 and 48.83 euros per MWh. It is mentioned that €45.85/MWh was the lowest bidding price at the auction.

As regard the Wind Projects the auction’s bidding prices ranged from €53.86/MWh to €57.70/MWh. A total of 15 Wind projects secured prices at the said auction.

It is worth mentioning that the Wind Projects secured a far greater total capacity than photovoltaics at the auction, 481 MW compared to 142 MW. Moreover, PV projects registered new record-low bidding prices for the Greek market.

You can find the official results of the aforementioned RES auction in the following link (Decision Nr. 1142/2020 of the Regulatory Authority for Energy/RAE available in GR): Official Results of the RES auctions in Greece as per July 27, 2020