RAAEY – Greece's newly formed regulatory authority for waste, energy, and water – has revealed that the country will allocate 1 GW of new energy storage capacity. The program consists of three separate auctions, with capacities of 400 MW, 300 MW, and 300 MW.
Greece's subsidy support for winning energy storage projects in the upcoming tenders is generous. During the construction phase, all winning projects will receive a one-time payment of €200,000 per MW, which serves as a capital expenditure subsidy.
For the first energy storage auction, the regulator has set a capped CfD price of €115,000 per MW per year. As a result, winning projects must participate in the energy market, such as Greece's wholesale electricity trading and secondary balancing services market. Each year, the government will assess the projects' market earnings.
The program's first and second tenders will focus on standalone energy storage projects connected to the Greek electricity transmission network. The tenders exclude the island network of Crete, which was linked to Greece's mainland power grid in 2021.
The first tender in Greece for battery energy storage will offer capacity amounting to 400 MW. The tender was already delayed, and it should be launched by June 15. Around 200 million
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Projects in this round will be eligible for funding of up to 200,000 euros ($218,000) per megawatt of installed capacity. Although the specific technology was not specified, lithium-ion
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As the regulatory environment stabilises and the market grows in scale and complexity, Greece is on track to become a leading European market for utility-scale battery storage.
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The two projects were part of a total of 12 totalling c.400MW that won long-term capex support in the first round of a scheme aimed to kickstart the grid-scale storage market in Greece, run
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Greece''s energy regulatory authority RAE on Friday fired the starting gun on the country''s first standalone battery energy storage system (BESS) tender, targeting 400 MW of capacity.
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It is the first in a series of battery storage auctions scheduled for this year, starting with 400 MW in capacity, and the first competitive process for energy storage in Southeastern Europe.
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Greece''s energy regulator has announced three separate auctions for standalone energy storage systems connected to electricity transmission networks. The application process for the first...
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The list of winners in Greece''s maiden tender for standalone battery energy storage system (BESS) projects includes seven companies with 12 proposals, Energypress reports.
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The 1 st (out of 3) bidding process of the FtM grid-storage scheme (SA.64736) was successfully conducted in July 2023, for a total of 400 MW. The remaining 2 rounds will be completed in 2023.
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The Regulatory Authority for Energy (RAE) in Greece has launched an auction for grants towards 400MW of energy storage, with three weeks to submit project proposals.
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