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The Latest Bid For Greek Photovoltaic Power Generation: € 62.97/kWh
- Jul 09, 2018 -

Greece's energy regulator recently released Greece's successful bid for solar and wind energy on Monday's renewable energy bid. Guess what? The minimum price of solar power projects is 62.97 euros per megawatt hour.

This Monday's PV auction is divided into two categories: small projects with a project capacity of between 500KW and 1MW, and the other in a large scale photovoltaic power station between 1MW and 20MW.

The winning price of the former varies from 75.87 to 80 / MWh and 83 items to 53.48MW.

The latter offer is lower than the first category, the lowest successful quotation is 62.97 / MWh, the highest successful quotation is 71 / MWh, and 8 projects are 52.92MW.

The Greek company Egnatia Energia has won a total of 46 projects in the first category, totaling 34MW capacity. In addition to the two small projects that were won by 77 euros / MWh and 76 euros / MWh, the other quotations were 79 euro / MWh.

In the bidding of second types of solar power projects, the German company ABO obtained 5 projects totaling 45MW. The bid price of ABO is between 62.97 euro / MWh ~ 62.99 euro / MWh. The participation of ABO is the reason for the lower bid in this Greek bidding. ABO acquired overseas financing through low interest rates and then invested in Greek power plants.

The remaining three successful bid prices were 67.06 euros, 69 euros and 71 euro / megawatt hours respectively.

The highest bid price for the bid design is the maximum price of the first class bid, 85 euros per megawatt hour, and the second category is 80 euro per megawatt hour.

In fact, the price of the bid is lower than the price of the 2016 bidding, but it is still high compared to the surprising low prices that often burst out in other parts of the country. It is not surprising, however, that Greece has been experiencing a double blow of economic and political crisis in the past ten years.

In this case, Greece wants to change the status quo. There is only one way: to reduce restrictive red tape, investors can quickly collect all the necessary documents so that they can participate in the next bid and attract as many foreign investors as possible to allow new bids to further lower the bid price.