The European Investment Bank (EIB) has committed €400 million (US$437 million) to support the solar and battery storage development plans of Greek renewables developer Mytilineos.
While 12 projects won awards in the first tranche of Greece’s recent grid-scale energy storage auctions, what of the c.500 totalling nearly 27GW that didn’t? Jon Ferris, LCP Delta’s Head of Flexibility and Storage, looks at the dynamics which could play out in rounds two and three in Europe’s fourth largest market by 2030 pipeline.
The Regulatory Authority for Energy (RAE) of Greece has chosen the 12 winning projects of a recently-launched tender, with 411MW of battery storage capacity to receive financial aid over a 10-year period.
Recent reports on the energy storage auction in Greece shows that “players are willing to take risks” to get into the market, an analyst from research firm Clean Horizon told Energy-Storage.news.
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.
Europe reached 4.5GW of battery storage capacity last year and could hit 95GW by 2050, according to figures from LCP Delta and Aurora Energy Research respectively.
Swathes of energy storage projects including battery storage and pumped hydro have been approved by the regulator in Greece, as the country prepares for a big battery storage auction.
