Greece Sets New Low Price Record

Wind Industry Profile of

In its latest onshore wind auction, Greece awarded 20-year contracts for more than 472 MW of wind projects, including one at a new record low price. The Greek developer Ascent Power submitted the lowest ever bid in a Greek onshore wind auction with €53.86/MWh. This bid continues the latest cost reduction trend: the previous record had been set in a wind energy tender earlier this year.

With a total of 15 projects awarded, the prices of all successful bids ranged between €53.86/MWh and €57.70/MWh with a weighted average of €55.67/MWh. In terms of geographical distribution, most capacity was awarded to Arcadia in southern Greece (102 MW), followed by Boeotia in central Greece (94.5 MW), and Kozani in the north (81.6 MW). There was much interest in the... ... More: Official Press Release WindEurope

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WindEurope, record, low, price, Greece, Greek, auction, turbine, wind farm, Ascent Power, developer