''Invest in the future by investing in the highly promising Greek RES market''
On April 30, 2018 an official announcement of the Regulatory Authority for Energy (RAE) was issued regarding the three (3) RES auctions that will be staged on July 02, 2018 in Greece.The investors will have until June 05, 2018 to submit their applications, according to the official information (Decision of RAE No321/2018 – Official Government Gazette No 1466 B’, April 27, 2018).
he upcoming RES auctions for 2018 have been split into three (3) categories, the following:
Category I: PV Projects with capacities ≤ 1 MW (between 500 kW and 1 MW)
Maximum Auction Power: 70 MW
Category II: PV Projects with capacities: 1 MW < Power PV ≤ 20 MW
Maximum Auction Power: 230 MW
Category III: Wind Projects with capacities: 3 MW < Power Wind < 50 MW
Maximum Auction Power: 300 MW
It is mentioned that the existing FiT (Feed-in-Tariff) system will be replaced by a sliding FiP (Feed-in-Premium) system in combination with a tendering system (competitions) of reverse auctions for Wind Projects with total capacity over 3.0 MW and PV Projects with total capacity over 500 kW.
The plan of RAE, concerning 2018, 2019 and 2020, entails staging separate RES auctions offering annual totals of 300 MW for PV energy projects [for PV Projects with capacities below 1 MW, at a starting price (reference price) of €85.00/MWh and for PV energy projects with capacities between 1 and 20 MW, at a reference price of €80.00/MWh]; 300 MW for Wind energy projects with capacities between 3 and 50 MW at a reference price of €90.00/MWh; as well as 400 MW for combined Wind and PV project investments (large-scale projects i.e. Wind≥50MW and PV≥20MW) [400 MW for 2019 and 400 MW for 2020].