Spes Solaris

More licenses for Spes Solaris, planning 43 solar parks and 275 MW

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Spes Solaris, a member of the Panagakos group, has been granted a new set of installation licenses for a further seven solar energy parks representing a total capacity of 81 MW.

The licenses, signed yesterday by development and investment minister Adonis Georgiadis, follow ten previous installation licenses for 36 MW in total.

More license approvals are expected to follow for Spes Solaris. The licenses to date represent part of a bigger company plan for 43 solar park projects with an overall capacity of 275 MW in mainland Greece and the Peloponnese.

All the projects in the Spes Solaris solar farm investment plan, included in a fast-track procedure several years ago, have secured fixed tariffs through RES auctions staged by RAE, the Regulatory Authority for Energy, over the past few months.

Having secured fixed tariffs for each of its project plans, Spes Solaris is now submitting applications, gradually, for installation licenses. The development and investment ministry is believed to be processing these applications through fast-track procedures.

Then, as a next step, Spes Solaris will need to sign connection agreements, for each project, with power grid operator IPTO or distribution network operator DEDDIE/HEDNO, before construction commences.

Electrification and completion deadlines vary for each project. Certain solar parks will need to be finalized by the end of this year. Others have until October, 2022.

The size, fixed tariffs and heightening maturity of the Panagakos group investment plan, is proving to be an attraction for other investors.

The plan’s major potential has sparked talks with key players, Greek and foreign, either already active in Greece’s green energy market and looking to boost their RES portfolios or seeking entry.

RES auction produces record-low bid, by PPC Renewables

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A mixed RES auction staged yesterday by RAE, the Regulatory Authority for Energy, produced a record-low bid of 49.11 euros per MWh, submitted by PPC Renewables for a 200-MW solar park in Kozani, northern Greece.

A total of five major RES projects – four solar farms and one wind energy farm – secured tariffs at the session.

The auction’s average bidding price was 51.59 euros per MWh, far lower than previous levels.

The session’s only wind energy project, ENTEKA’s 153-MW facility in Vermio, northern Greece, struck a record low price, for the wind-energy category, of 54.7 euros per MWh. This project involves funding from US fund Quantum Energy Partners.

A 70-MW solar park project on EREN’s portfolio secured a price of 50.68 euros per MWh. A 42-MW park by EDF emerged from the session with a price of 50.87 euros per MWh. Also, Spes Solaris, a member of the Panagakos corporate group, secured a price of 54.82 euros per MWh for a 37.94-MW solar park project.

Four projects – two solar and two wind – failed to secure prices. ENTEKA missed out with two wind farm projects measuring 72 MW and 63 MW. A 50-MW solar park by PPC Renewables and a 23-MW solar park by EDF also missed out.

 

Eight mixed auction applications submitted, 456 MW offered

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Prospective participants of Greece’s first mixed RES auction, scheduled for April 15 and designed to place wind and solar energy investors in the same bidding arena with equal terms for intensified competition, submitted eight applications representing a total capacity of 637.78 MW on the recent March 21 deadline.

This means that a total capacity of 456 MW will be offered to bidders instead of the entire 600-MW amount announced by RAE, the Regulatory Authority for Energy, as a result of a regulation designed to intensify competition.

The total amount requested through the applications would have needed to exceed the 600-MW total by 40 percent if the full amount were to be offered at the upcoming auction.

Confirming previous energypress reports, the overwhelming majority of applications concern solar energy projects.

Authorities are now processing applications to determine the eligibility of interested parties interested in taking part in April’s mixed RES auction.

Solar or wind energy projects over 20 MW, PV projects that have qualified for fast-track procedures, as well as mixed wind-and-solar projects to be jointly connected to the grid are all eligible for participation at the forthcoming mixed auction.

A 200-MW solar energy park project planned by PPC Renewables in Kozani, northern Greece, another 200-MW solar energy project planned by JUWI Hellas, as well as two projects totalling 104 MW and planned by Spes Solaris, a member of the Panagakos group, are among the major projects expected to take part in the mixed RES auction. The two Spes Solaris projects are fast-track procedure qualifiers.

RES auction terms were not breached, affected Spes Solar protests

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The Spes Solaris renewable energy company, a member of the Panagakos corporate group, has submitted a detailed memorandum to top government bodies and the General Secteratiat for Strategic and Private Investments explaining the company’s views following the postponement of a RES auction for large-scale PV projects on December 10 by RAE, the Regulatory Authority for Energy, over suspicions the energy company was manipulating proceedings.

RES projects in the Spes Solaris portfolio qualified for fast-track procedures but have faced lengthy delays, prompting frustration at the company.

In its memorandum, whose recipients include the economy and energy ministries, Spes Solaris directly challenges RAE’s decision to postpone the auction and notes it contravenes the auction terms as well as clear instructions offered by the energy authority at a conference last year, on May 10, staged ELETEAN, the Greek Wind Energy Association.

Spes Solaris forged a strategic plan seven years ago to develop 45 projects with a total capacity of 275 MW but they have yet to be developed.

 

Extrajudicial action from Panagakos group for RES auction cancellation

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The Panagakos group, owner of the Spes Solaris renewable energy company, has taken extrajudicial action against RAE, the Regulatory Authority for Energy, following its postponement of the RES auction’s session for large-scale PV projects on December 10.

The energy authority cancelled the session after concluding the company was manipulating proceedings.

In its extrajudicial action, the Panagakos group complains of the defamation suffered by its corporate member and also requests that RAE revoke its decision to cancel the competition.

The corporate group has also sent letters with its claims to the energy ministry, development ministry and other authorities.

In essence, the Panagakos corporate group is making clear its next moves as to whether to file a case against RAE will depend on the terms and conditions to be set for the rescheduled auction, expected in January.

The company wants an end to constant obstacles preventing the development of its investment plan for RES projects with a total capacity of 275 MW, a group official noted.

The Panagakos group had set a strategic plan to develop these projects, 45 in all, seven years ago. They have yet to be developed.