Greece prepares for 600 MW wind-solar tender in March

Dec 01, 2021

According to Energypress, Greece is preparing for a mixed tender for a 600 MW wind and solar project in March 2022. The project will be supported by Greece's 2.27 billion euros (2.57 billion US dollars) national assistance program.

The upcoming round of bidding plans is expected to be officially announced at the end of this year.

The proposed capacity will be allocated in the onshore wind power and photovoltaic (PV) plans, but the specific goals of the two types of plans are still unclear. According to the report, if a sufficient number of new projects reach the maturity level, the quota may increase.
The funds granted for the production capacity will be paid from Greece's national assistance program to support the generation of renewable energy and high-efficiency combined heat and power (CHP) power plants. The European Commission (EC) approved the plan last week. The project will be open until 2025 and will fund approximately 4.2 GW of installed capacity through a 20-year contract. An unnamed source told Energypress that about 3 GW of the total power generation comes from onshore wind and solar power.

It is speculated that the plan will support 1 gigawatt of renewable energy projects in 2022. (1.0 Euro = 1.132 USD)