Tag Archive for: greek renewables

Latest Greek auction points to future market realities

Cleantech Geek
Be Bold. Make the Change. Have a meaningful Impact.

Written by Jon McNair | ENERGY REV

First published here • JUNE 28, 2021

Latest Greek auction points to future market realities

The steady reduction in the price of winning tariffs in successive rounds of Greek renewables auctions, capped by the most recent edition in May, has the potential to realign the market in the country.

Over successive auctions held over recent years, Greece has followed most other countries in registering incremental drops in the tariffs awarded to successful projects. 

And May’s (2021) latest 350MW edition of the Greek programme was no exception as successful bid prices dipped down to an average of EUR 37.60/MWh, although falling as far as EUR 32.97 in the case of one project: a 19.3MW solar farm developed by local group Egnatia. 

Other successful bidders included Lightsource bp, in a collaboration with another local developer Kiefer TEK, which secured 20-year contracts for 140MW of solar PV capacity at an average price of EUR 38.50/MWh. Meanwhile, Mytilineos also bagged tariffs for 140MW of solar, at a slightly lower average rate of EUR 37/MWh. 

Read more

Cero Generation and Wattcrop form joint venture to develop Greek solar energy portfolio

Today marks a significant milestone for all of us here at cleantechgeek.com, our main company Wattcrop has successfully formed a Joint Venture with Cero Generation, a Macquarie Green Investment Group portfolio company. Our purpose to drive Renewable Energy and Storage Assets mainly to the Greek and but also to other European markets. Combining financial strength, knowhow and local expertise we are setting ambitious targets to develop more than 750MW in the next few years just on the Greek market alone. Please find below the official Press Release:

Monday, 12th of July 2021

  • Cero Generation and Wattcrop announce a new joint venture partnership to develop an extensive portfolio of solar PV projects in Greece.
  • The partners are targeting the development of   750 MW of capacity over the next four years.
  • The joint venture marks Cero’s entry into the Greek market. With more than 8 GW under development across 150 projects, Cero is home to one of Europe’s largest solar development portfolios.
Read more