The Greek parliament has authorised a brand new regulation introducing renewable power insurance policies for public sale design and small tasks with secure feed-in tariffs.
Since 2016, when Greece launched its aggressive public sale framework for renewable power and held its first PV tender, the nation has awarded greater than 2 GW of photo voltaic capability. Awarded tasks usually take part within the power market and safe variable feed-in premiums on high of market costs. The worth of those premiums rely on a variety of market variables, corresponding to marginal worth, along with tariffs set by way of aggressive tenders.
This coverage stays in place right now, however on the finish of April, the Greek parliament voted in a brand new regulation (Regulation 5106/2024) that enables the federal government to carry auctions for asset house owners who’re keen to just accept greater energy curtailment charges for his or her tasks than ordinary, in addition to installations that embrace power storage methods.
The brand new coverage goes into impact from Could 1, however the European Fee must approve the brand new public sale scheme earlier than the Greek authorities can maintain the primary tenders.
The brand new regulation doesn’t outline the share of electrical energy curtailment for awarded tasks in future auctions. As a substitute, the brand new regulation permits Greece’s Ministry of the Setting and Power to individually set the share of electrical energy curtailment for awarded tasks for every new public sale. Equally, the necessities for power storage methods in future auctions may also be outlined by the ministry forward of every procurement train.
This new strategy to auctions is designed to assist Greece to handle the problem of electrical energy curtailment. Within the first quarter of 2024, the nation curtailed about 4% of home inexperienced electrical energy manufacturing. Nevertheless, there are issues that curtailment might improve sharply sooner or later, given the present tempo of growth and the nation’s formidable renewable power targets.
The brand new regulation has additionally put an finish to feed-in tariffs for photo voltaic tasks as much as 500 kW in dimension. Builders of such installations with the mandatory licenses can signal contracts with Greece’s Renewable Power Sources Operator and promote the generated electrical energy within the electrical energy market at a feed-in tariff of €65.73 ($71.37)/MWh. Tasks as much as 1 MW in dimension for power communities or farmers will get a feed-in tariff of €68.87/MWh.
Builders of those tasks might want to have signed agreements with the Renewable Power Programs Operator by Could 31, 2024. After that date, builders might want to take part in aggressive auctions and safe contracts at competitively set costs.
The extension to Dec. 31, 2024, applies to tasks in Greece’s lignite mining areas of Florina and Kozani, Western Macedonia Prefecture, and sure tasks by farmers or the Greek distribution grid operator.
That mentioned, photo voltaic farms with feed-in tariff contracts in place by both Could 31 or Dec. 31 may also have to be put in and related to the grid inside particular timelines, as Greece seems to be speeding to shut up this phase of the market.
Photo voltaic tasks on this class might sound small, however they’ve been the powerhouse of Greece’s PV sector for years, including significant capability and maintaining the sector alive.
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