Second Greek Renewables Auction Brings New Lows

Greece has just finished its second renewables auction bringing in competitive prices of €55–65/MWh for onshore wind. Nine wind projects with a capacity of almost 160 MW in total won. All of them have both an environmental license and grid connection license. All of them are located in North and Central Greece.

The price level was lower than in Greece’s first onshore wind auction in July 2018, where onshore wind prices were between €68-72/MWh, as WindEurope reports.

WindEurope’s Head of Advocacy & Messaging Joël Meggelaars said: “These are impressive results. The average price level is even lower than in the last French and German onshore auctions. The fact that prices have come down is a signal of confidence from investors in the outlook for wind energy in Greece. The high level of competition and the participation of big investors with large wind portfolios in Greece and the wider region has helped to create a downward pressure on prices."