In the middle of the pandemic that paralyzes the entire productive tissue of the country, the auction for new wind and solar projects with a total capacity of 508 MW was completed yesterday by RAE, confirming the rule for a rapid drop in prices in RES.
THE PPC for the first time broke their “barrier” 50 euros / MWh, after through its subsidiary, PPC Renewables offered for photovoltaic power station 200 MW in Ptolemaida price 49.11 euros / MWh.
As they commented yesterday in RIS, this is the lowest price of the competition, but also the lowest that has ever been in a competitive process.
The presence of PPC in RES, which is the central core of its strategy on the way to demilitarization, is intensified with a focus on the development of large photovoltaics in Western Macedonia and Megalopolis.
According to information, despite the extraordinary conditions that prevent the implementation of business plans, PPC intends to announce the tender for the project immediately, even within the month.
In addition to the public electricity company, the tender of the Energy Regulatory Authority, which was held through an electronic auction, was attended by well-known names in the field of RES.
Among them is a wind farm in Vermio, with a capacity of 53 megawatts (Aeolian Vermio) by ENTEKA, which is financing the US fund Quantum Energy Partners. The project, which is the only wind farm selected at yesterday's auction, achieved one of the lowest historical prices, at 54.7 euros per megawatt hour.
The protagonist during yesterday's process was, as expected, solar energy, with the choice of PV, with a capacity of 70 MW of the French EREN at the location Xirokambi in Evrotas with a price of 50.68 euros per megawatt hour. Also a second 42 MW project of EDF in the municipality of Thebes with the name Iliothema and with a price of 50.87 euros per Megavatora and a PV complex of 37.94 MW of Spes Solaris of the Panagakos group, which won the highest price of the competition. which was 54.82 euros per megawatt hour.
According to RIS, prices averaged 52 euros / MWh, compared to 55 euros / MWh in the previous competition in December and 66-67 euros / MWh in the July 2019 competition, which indicates a steadily declining trend.
The Ministry of Environment and Energy announced yesterday that in cooperation with RAE, it will re-evaluate the market conditions and will formulate accordingly the program of the next tenders for this year.
According to the Energy Regulatory Authority, 9 projects participated in yesterday's process and a total of 44 bids were submitted, which were accepted by the e-auction system. According to the rules of the announcement, the total power awarded to the participants amounted to 502.94 MW, ie the unavailable power was only 5.41 MW.