Greece awards contracts for 171MW of onshore wind energy

The nation plans to auction 2.6GW of renewable energy capacity by 2020

Greece has awarded 20-year contracts for the sale of electricity produced by seven projects in its first onshore wind auction.

They will have a total capacity of 171MW and will be located in northern and central Greece as well as the island of Andros.

The winning bids ranged between €68 (£60)/MWh and €72 (£64)/MWh, with the weighted average coming in at €69.53 (£61.5)/MWh.

The auction conducted by the Greek Regulatory Authority for Energy (RAE) was said to be oversubscribed – 14 projects with a total capacity of 308MW placed bids.

The nation plans to auction 2.6GW of renewable energy capacity by the end of the decade.

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