The Energy Storage Report 2024

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Greece: Second round winners in BESS auction revealed


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).

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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 in September.’ 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.

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