• 437.8 MW Renewable Energy Capacity Awarded in the First Joint Solar Wind Power Tender in Greece

    /25th April 2019, RENEWABLE MARKET WATCHTM/ Greece has announced the results of its 600 MW renewable energy tender awarding 437.78 MW capacity. The tender had been oversubscribed with bids coming in for 637.78 MW capacity (see 600 MW Greek Tender Gets 638 MW Bids). Greek energy regulator RAE reported the weighted average price of the winning bids in the tender was €0.057 ($0.064) per kWh with bids ranging between €0.053 to €0.06472 ($0.059 to $0.073) per kWh. The Regulatory Authority for Energy (RAE) is an independent administrative authority, which enjoys, by the provisions of the law establishing it, financial and administrative independence. 

  • Econergy Enters Greek Renewable Energy Market with 460MW Solar Photovoltaic (PV) Portfolio Agreement

    /LONDON, April 20, 2022, 15:00 BST, Econergy/ Econergy Renewable Energy, a leading investor, developer and operator in renewable energy projects across Europe, has entered a partnership with Terna Energy, a company listed on the Athens Stock Exchange. The partnership will see Econergy develop and construct a solar portfolio with a capacity of 460MW as part of a new pipeline of projects in the Greek market.

  • Greece to Launch Auctions (Tenders) for 512 MW of Solar and Wind Projects

    Turkey Solar 1 Small

    /23rd July 2019, RENEWABLE MARKET WATCHTM/ The Regulatory Authority for Energy (RAE) of Greece has announced its plans to launch solar and wind power auctions (tenders), with a combined capacity of more than 512MW, has been revealed in the regular update of the study ’Central East and South-East Europe Solar Photovoltaic (PV) Power Market Outlook 2018÷2027’. Competitive bidding will start 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 reverse auction. In the wind category, Greece will award 225 MW of capacity with a maximum allowed bid price of $75/kWh. 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.

  • Greece to Transform Former Mining Sites into Solar Photovoltaic Power Plants with Over 3 GW Capacity

    /14th February 2020, Alyssa Danigelis/ Greece’s Environment and Energy Minister Kostis Hatzidakis recently announced plans to invest in two enormous solar facilities on former mining sites. A plant on the Peloponnese Peninsula in southern Greece would be 1 gigawatt, and another for Ptolemaida in the north would be 2 GW. At a meeting with stakeholders in Ptolemaida, Hatzidakis said that Greece’s Public Power Corporation (PPC) would move quickly to install the 2-GW plant in the lignite mining region, Ilias Tsagas reported today for PV Magazine. PPC also wants to build a 1-GW plant in Megalopoli, which has mining sites and a coal-fired power plant, Tsagas added. 

  • NextEnergy Capital Announced 132MWp Solar PV Projects and 400MW Battery Storage Acquisitions in Greece

    /LONDON, January 10, 2023, 11:30 GMT, NextPower III ESG/ NextPower III ESG (“NPIII ESG”), the international OECD private solar fund managed by NextEnergy Capital (“NEC”), is delighted to announce its first strategic solar and battery storage acquisitions in Greece. The acquisitions include six utility-scale solar PV projects totalling 132MWp, and a majority in six standalone battery storage projects totalling 400MW.

  • Núñez de Balboa the Biggest Solar Photovoltaic Power Plant in Europe Started Electricity Generation

    /15th June 2020, Iberdrola, RENEWABLE MARKET WATCHTM/ Iberdrola group, through its subsidiary in Spain, has built and recently commissioned in Badajoz the Núñez de Balboa solar photovoltaic power plant, which, with 500 MWp of installed capacity and the ability to supply clean energy to 250,000 people, has become the largest in Europe. The European Investment Bank (EIB) and the Instituto de Crédito Oficial (ICO) contributed 290 million euros (145 the EIB and 140 the ICO) to finance the plant, thanks to an agreement signed with Iberdrola.

  • Photovoltaics 2020 Event in Greece on February 20, 2020

    Turkey Solar 1 Small

    /3rd January 2020, RENEWABLE MARKET WATCHTM/ On Thursday 20 February 2020, HELAPCO (The Hellenic Association of Photovoltaic Companies) will organize the leading business and strategic event for the Greek solar energy market: Photovoltaic 2020. Once again, a diverse group of local and international developers, investors and other stakeholders will be gathering to explore the opportunities in the growing Greek solar photovoltaic (PV) market together. With its high quality, it provides an exceptional value for developers, investors, equipment manufacturers and stakeholders. The timing is now perfect for renewables industry market entrants who wish to play a role in this rapidly transforming market. The levelized cost of new solar PV energy in Greece is lower than the levelized cost of new lignite and gas‐fired power plants. This was unimaginable a few years ago. Greece also has a self‐consumption scheme (net‐‐metering) for residential and commercial solar photovoltaic power systems (up to 1 MWp). A new support scheme for renewable energy, consistent with the Guidelines on State aid for environmental protection and energy 2014‐2020 (and based on competitive tenders and feed‐in‐premiums) was introduced in 2016. Prime Minister Kyriakos Mitsotakis’ pledge to phase out the country’s lignite-fired power fleet by 2028 has come as an energy policy earthquake and constituted ‘a decision of historic importance’. The Greek Energy Ministry announced that renewable energy should provide 35% of Greece’s final energy consumption in 2030, up from a 20% target next year. That ambition would require renewables to generate more than 65% of Greece’s electricity in 2030.

  • RWE and PPC Signed an Agreement to Form a Joint Venture to Develop up to 2 GW of Solar Photovoltaic Projects in Greece

    /LONDON, October 07, 2021, 14:35 BST, RWE, PPC, RENEWABLE MARKET WATCHTM/ Greece is one of the sunniest countries in Europe and has ambitious growth plans for renewable energies. Two highly experienced energy groups, RWE and PPC, have joined forces to help accelerate the Greek energy transition by developing large-scale solar projects with a total capacity of up to 2 gigawatts (GW) in the country. Through this collaboration, the Greek power utility will continue to decarbonise its portfolio and move to renewable energy sources. For RWE, one of the leading producers of renewable power, it marks a first entry into the Greek market. 

  • Siemens Gamesa Grabs 184 MW at Latest RES Auction Round in Poland

    /20th April 2020, SiemensGamesa/ Siemens Gamesa Renewable Energy has continued its winning streak in Poland following the award of three projects totalling 184 MW at the country’s last auction round held in December 2019. The company will supply 63 wind turbines to several customers including independent private investors to national and international utility companies. 

  • Two Wind Farms with 44.4 MW Capacity to Start Commercial Operation in Greece

    /12th March 2019, RENEWABLE MARKET WATCHTM/ The two windfarms with a combined operating capacity of 44.4 MW, divided between Eressou Ipsoma-Fourka (operating capacity 36MW) and Lefkes-Kerasia (operating capacity of 8.4MW) shall be commissioned by the end of H1 2019 in Greece, according to the Renewable Market Watch™. Combined, they will host 22 wind turbines installed on complex high altitude terrain (exceeding 1.400m), and will be connected to the transmission grid via a new MV/HV Substation and respectively 8.5 km and 16km of MV underground cable..

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