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.
Seven companies have won support for 11 standalone battery projects at Greece's second energy storage auction.
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.
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.
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.
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.
Seven companies have won government support for 11 standalone battery projects at Greece''s second energy storage auction, where 300 MW was offered.
The pipeline of prospective battery storage projects now approaches 27GW, with over 500 projects granted a storage license. With support for 1GW of battery capacity to be …
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Due to the current curtailments of renewable electricity plants in Greece, batteries can operate in the market without subsidies, according to Minister of Environment and Energy Thodoros Skylakakis. The main priority of …
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Seven companies have won government support for 11 standalone battery projects at Greece''s second energy storage auction, where 300 MW was offered.
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 …
12 December 2024 - Greece''s third auction for standalone energy storage plants using batteries is cancelled, to be held after clarifying the rules Biodiversity Greece
The pipeline of prospective battery storage projects now approaches 27GW, with over 500 projects granted a storage license. With support for 1GW of battery capacity to be auctioned 3 tranches this year, the …
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 …