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Why is Greece launching a battery storage auction?

Initially a response to the COVID 19 pandemic, the focus has pivoted to support Greece’s green energy transition. The storage auctions themselves require further approval under EU State aid rules. The pipeline of prospective battery storage projects now approaches 27GW, with over 500 projects granted a storage license.

How many companies have won support for a battery project in Greece?

Seven companies have won support for 11 standalone battery projects at Greece's second energy storage auction.

Will Greece get 700 MW of battery storage in 2021?

It is within this scope that the Greek government aims to put out a bid for 700 MW of battery storage in 2021. The procurement round will award around €200 million ($242.3m) in subsidies. That was the announcement made in June by Energy minister Kostas Skrekas, in one of many digital energy conferences in which he participated.

Can a battery storage plant be built in Greece?

An increasing number of local and foreign companies are interested in building energy storage facilities in sun-loving Greece using battery technology. In fact, the Regulatory Authority for Energy (RAE) has been receiving applications for permits concerning battery storage plants.

Does Greece have a battery storage pipeline?

Greece has emerged as one of the countries with the largest pipeline of battery storage projects, but as yet there has been little activity on the ground. This is changing as the long-awaited storage subsidy auctions have started, with the first projects being awarded support for both investment and operating costs.

When will Greece start bidding for energy storage?

The energy storage bidding process was initially scheduled for the first quarter of 2022. Apart from energy storage, Greece is also interested in pursuing development in the field of hydrogen production. A roadmap on this technology is due to be presented by the end of the year.

11 projects selected in Greece''s second energy storage auction

Seven companies have won government support for 11 standalone battery projects at Greece''s second energy storage auction, where 300 MW was offered.

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11 projects selected in Greece''s second energy storage …

Seven companies have won government support for 11 standalone battery projects at Greece''s second energy storage auction, where 300 MW was offered.

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An increasing number of local and foreign companies are interested in building energy storage facilities in sun-loving Greece using battery technology. In fact, the Regulatory Authority for Energy (RAE) has been …

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Greece: 27GW of battery storage projects gear up for auctions

Initially a response to the COVID 19 pandemic, the focus has pivoted to support Greece''s green energy transition. The storage auctions themselves require further approval …