Siemens Gamesa signs contract for 40-MW wind farm in Macedonia

Siemens Gamesa has signed a 40-MW contract with Vendavel to supply eight SG 5.0-145 model turbines, one of the company’s most powerful onshore wind turbines, which is increasingly gaining ground in the country, and is especially suitable for sites with medium level winds.

The Vissima wind farm is located in Macedonia, northern Greece, and is scheduled to be commissioned in the last quarter of 2022. The contract with Vendavel also includes a long-term service agreement for a period of 20 years.

This is the second contract Siemens Gamesa has signed with Vendavel. The first one corresponds to the Melia project, a 35-MW wind farm which started producing energy at the beginning of this year.

The 40-MW of clean energy that the Vissima wind farm will produce will provide electricity to around 35,000 households. In addition, its size will help to avoid the emission of 105,000 tonnes of CO2 a year, the equivalent to the emissions of more than 60,000 vehicles. To achieve this CO2 saving, close to two million trees would need to be planted.

“The second agreement reached with Vendavel reflects our mutual confidence and will contribute to the growth of the wind energy sector in the country. It will also helping increase our presence in the Greek market, where we have installed 98 MW in the first half of this year, 38% of the total installed capacity in the country,” said Spyros Rozis, managing director of Siemens Gamesa in Greece.

Siemens Gamesa currently has 761 MW installed in Greece, with a market share of 17.4%, according to the latest available data from HWEA, the Hellenic Wind Energy Association.

RES prices driven considerably lower at yesterday’s auction

Intense bidding competition pushed prices considerably lower at yesterday’s descending-price RES auctions held by RAE, the Regulatory Authority for Energy, offering prices for solar and wind-energy project output.

Three auctions were staged for three sub-categories – small-scale photovoltaic installations of less than one MW; larger-scale PV installations measuring between one and 20 MW; and wind energy installations of between 3 and 50 MW.

The lowest price at the wind energy auction, whose starting price was set at 90 euros per MWh, reached 68 euros per MWh, while the highest price achieved for payment of RES energy production was close to 72 euros per MWh, energypress sources informed.

PPC Renewables, Iberdrola Rokas, Vendavel and a newly arrived foreign firm, which submitted the wind energy sub-category’s lowest bid, were among the participants who secured remuneration prices for output at projects.

At the auction for larger-scale PV installations, whose starting price was set at 80 euros per MWh, the smallest bid reached a level of 63 euros per MWh and the biggest was 71 euros per MWh. Germany’s ABO, whose bids were extremely aggressive, EYDAP, Biokarpet and Dimokritios were among the participants in this category.

Prices in the auction for small-scale PV installations, whose starting price was set at 85 euros, reached as low as 76 euros per MWh.

The top prices reached at yesterday’s three auctions will be used to shape the starting prices of the next RES auction.

Considerable delays that affected the online bidding system towards the end of the session, especially in the auction concerning small-scale PV installations, led to protests by participants who were not able to submit improved bids on time.

A RAE term requiring auction participation registrations to represent amounts exceeding the amounts to be auctioned by at least 75 percent was a key factor behind the intense bidding at yesterday’s session. The objective was to drive down prices for renewable energy output in order to burden consumers as least as possible.

Yesterday’s auction proves that it is realistic to limit the environmental footprint without incurring significant energy cost increases, energy minister Giorgos Stathakis commented following the session.