Greece's second wind power auction of July saw average prices drop to €58.58 ($66.92) per MWh, 15.7% below the €69.53 per MWh average of the previous tender in 2018. The latest auction awarded nine projects a combined capacity of 159.65 MW in 20-year contracts and the low prices demonstrate investors' confidence in the market. Of the nine successful bids, all will be constructed in the centre and north of the country, and the encouragingly low prices show promise that wind energy could have a strong but cheap contribution to Greece's National Energy and Climate Plan for 2030.
Greece's second wind power auction of 2018 saw average prices drop to €58.58 ($66.92) per MWh, 15.7% below the €69.53 per MWh average of the previous tender in July. The latest auction awarded nine projects a combined capacity of 159.65 MW in 20-year contracts and the low prices demonstrate investors' confidence in the market. Of the nine successful bids, all will be constructed in the centre and north of the country, and the encouragingly low prices show promise that wind energy could have a strong but cheap contribution to Greece's National Energy and Climate Plan for 2030.