The Greek government has announced that it will soon proceed with its mixed tender for 600MW of PV and wind generation as the European Commission has endorsed the country’s state aid scheme for subsidizing renewable projects and high-efficiency combined heat and power plants. The 600MW tender is currently scheduled for launch in March next year and will be financially supported by the scheme. This event was reported by various renewable energy news websites in early December.
The Greek government has also stated that a new tender round will be revealed at the end of this year. The state aid scheme is expected to support 1GW of renewable projects in 2022.
Details have yet to be disclosed for the distribution of the tendered capacity between PV and wind projects. However, renewable energy news websites reported that the capacity quota could be raised if there are many projects that have “reached maturity” in terms of development.
Totaling EUR 2.27 billion (USD 2.57 billion), the state aid scheme will be in effect until 2025 and award project funding through a joint competitive tendering process. The aid will be in the form of a two-way contract-for-difference premium as to guarantee price stability for project operators and limit cost for the government. The payout period for the award funding can last up to 20 years. The goal of the scheme is to support approximately 4.2GW of installed capacity. An anonymous source told Greek website Energypress that 3GW of the capacity target is designated to be based on PV and onshore wind generation. The scheme was just endorsed by the European Commission in late November.