Nicosia high-speed energy storage project bidding

Why is Greece launching a battery storage auction?

Initially a response to the COVID 19 pandemic, the focus has pivoted to support Greece’s green energy transition. The storage auctions themselves require further approval under EU State aid rules. The pipeline of prospective battery storage projects now approaches 27GW, with over 500 projects granted a storage license.

Why is Greece launching a storage auction in 2021?

Funding was first announced in 2021 as part of the National Recovery and Resilience Plan. Initially a response to the COVID 19 pandemic, the focus has pivoted to support Greece’s green energy transition. The storage auctions themselves require further approval under EU State aid rules.

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.

Which energy storage projects have been approved by the Energy Regulatory Authority?

Image: Energy Regulatory Authority headquarters, credit: Energy Regulatory Authority. 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.

How are energy storage subsidy auctions changing?

This is changing as the long-awaited storage subsidy auctions have started, with the first projects being awarded support for both investment and operating costs. While 12 projects won awards in the first tranche of the recent grid-scale energy storage auctions in Greece, what of the 500 that didn’t?