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Greece to tender 1 GW wind, solar in 2018

Greece plans to tender 1 GW of wind and solar this year by holding two separate auctions for 300 MW of wind and 300 MW of solar in July as well as a joined 400 MW later this year, a document released this week by the Regulatory Authority for Energy (RAE) shows.

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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.

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 ($3.6 billion) of investment with subsidized prices capped between Eur80-90/MWh in the first round in July depending on the category.

Solar costs have dropped sharply since Greece launched an ambitious solar plan (Plan Helios) in 2011 which was hampered by the financial debt crisis with Greece now slightly lagging behind its 2020 green targets.

--Andreas Franke, andreas.franke@spglobal.com