Showing posts with label renewable energy sources. Show all posts
Showing posts with label renewable energy sources. Show all posts

Wednesday, May 2, 2018

Greece Kicks Off $3.6 Billion Program for Solar, Wind Projects

Bloomberg
30 Απριλίου 2018, 4:40 μ.μ. EEST
First auction on July 2 for 600 megawatts of wind and solar
Country seeks 18 percent renewable power consumption by 2020

Greece is preparing to auction 2.6 gigawatts of solar and wind projects to attract investment and beef up the Mediterranean country’s clean-energy credentials.

“From now on renewable energy production and prices will be determined by competitive tender process,” said Energy Minister George Stathakis. The “move should encourage investments in renewable energy of 2.5 billion to 3 billion euros, especially in wind.”

The government published the final rules for its first competitive tenders, which outline the timeline and size of the projects that will awarded. The first tender will be held July 2 and will hand out permits to build 300 megawatts of wind power and 300 megawatts of solar photovoltaics. The shift to auctions from feed-in-tariffs follows a move most renewable markets have made.