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.
The Greek energy regulator has awarded 300 MW of new battery storage capacity in the nation's second energy storage tender, split among 11 projects. The tender is part of the country’s 1 GW energy storage auction program. The projects range in size from 8,875 MW/17,75 MWh to 49,9 MW/100 MWh).
Greece’s first energy storage tender took place last year. It awarded 12 energy storage projects, or 411,79 ΜW of capacity, with an average price of €49,748/MW per year. To conclude its energy storage auction program, Greece needs to run a third storage tender to account for the remainder of the program’s 1 GW of capacity.
The projects range in size from 8,875 MW/17,75 MWh to 49,9 MW/100 MWh). The regulator said the auction was highly competitive, leading to an average tender price of €47,680 ($51,506)/MW per year. Greece’s energy storage auction program awards contracts-for-difference (CfD) over periods of 10 years.
The tender is part of the country’s 1 GW energy storage auction program. The Greek energy regulator has awarded 300 MW of new battery storage capacity in the nation's second energy storage tender, split among 11 projects. The tender is part of the country’s 1 GW energy storage auction program.
Public Power Corp. (PPC) has also set its sight on storage and recently received a permit for a 100 MW project in Ptolemaida in Western Macedonia. Other companies include Magna Victoria, Melven, Mars BESS and MS Komotini, which have already received permits for a combined 400 MW of battery capacity in various large projects.
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