The Energy Storage Report 2024

Now available to download, covering deployments, technology, policy and finance in the energy storage market

Greece: Second round winners in BESS auction revealed

LinkedIn
Twitter
Reddit
Facebook
Email

The successful participants in the second round of Greece’s auction for financial support of large-scale BESS have been revealed.

The Regulatory Authority for Energy (RAE) of Greece revealed the shortlist of successful bidders in the second round of its auction for energy storage, totalling 1.5GW/3.1GWh of projects, last week (8 February).

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Various Greek and regional European news outlets have in the past 24 hours reported that that list of 48 projects has since been whittled down to 11 winning projects totalling nearly 300MW of capacity.

The process has seen project developers bid for long-term operating grants for their projects with the lowest bids winning, and it follows the first round in August 2023 which awarded a weight average of €49,748 (US$53,589) per MW per year to 12 winning projects totalling 411MW.

Another round is expected in Spring, which will award a further 300MW bringing the total to 1GW. The programme is backed by EU money, through the bloc-wide Recovery and Resilience Plan aimed at mitigating the negative economic effects of the Covid-19 pandemic.

Winning developers in the latest round are reportedly CNI Energy, Terna Energy (part of the Italy’s grid operator Terna), Heron, Amber Energy, Motor Oil, Energeiaki Techniki, Faria Energy and Enel Green Power Hellas, part of the Italy-headquartered international utility and independent power producer (IPP) Enel.

The weight average winning bid in this round was €46,680/MW/year.

Research firm LCP Delta wrote a deep-dive into the dynamics which would play out in the second round for Energy-Storage.news in September.

Energy-Storage.news’ publisher Solar Media will host the 9th annual Energy Storage Summit EU in London, 20-21 February 2024. This year it is moving to a larger venue, bringing together Europe’s leading investors, policymakers, developers, utilities, energy buyers and service providers all in one place. Visit the official site for more info.

Read Next

April 23, 2024
Croatia will provide some €500 million (US$534 million) in subsidies for battery energy storage system (BESS) technology, a government minister said.
April 22, 2024
Dutch developer Giga Storage has received a permit for construction for its 600MW/2,400MWh BESS project in neighbouring Belgium and will choose the BESS technology provider after summer.
April 17, 2024
Netherlands’ climate minister has allocated €100 million in subsidies to the deployment of ‘time-shifting’ battery storage with solar PV projects for next year, an acceleration of a larger €400 million-plus programme.
April 12, 2024
The forthcoming introduction of the European Union (EU) Battery Passport could result in a 2-10% reduction in procurement costs, according to the consortium tasked with its implementation.
Premium
April 12, 2024
This Friday Briefing takes a look at how residential battery storage and other DERs can be a force for the greater grid.

Most Popular

Email Newsletter