Smart charging facility energy storage won the bid for Athens

Is Greece Slashing subsidies for battery energy storage projects?

The Greek government has decided to slash by 50% the available subsidies for the country’s second tender for battery energy storage system (BESS) projects, Energypress reported on Friday. As much as EUR 100,000 (USD 105,417) per MW will be available for projects in the upcoming competition, against the EUR 200,000 per MW in the inaugural tender.

How many projects have been awarded in Greece's first battery energy storage system?

The Greek Regulatory Authority for Energy has confirmed that 411.8 MW of projects have been awarded in the country’s first standalone battery energy storage system (BESS) tender, which has attracted huge interest among developers. Investment and operating aid will be granted to 12 projects put forward by seven proponents.

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.

How many MW of new battery storage capacity does Greece have?

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).

Will Greece fund 1GW of battery storage?

It is the first round of a state-led procurement aiming to fund up to a 1GW of battery storage. The Regulatory Authority for Energy of Greece has chosen the 12 winning projects of a battery storage tender with 411MW awarded aid.

How much does an energy storage auction cost in Greece?

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.

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