Early warning for Greece s new energy storage plant

Why is Greece turning its attention to energy storage?

This year the country is expected to score an even higher percentage of renewable electricity, although this success is accompanied by the thorny issue of curtailing surplus green electricity at times when the electricity system cannot accommodate it. Therefore, rather belatedly, Greece has turned its attention to energy storage.

Should Greece invest in energy storage facilities?

Currently there is a growing interest for investments in storage facilities in Greece. Licensed projects mostly consist of Li-ion battery energy storage systems (BESS), either stand-alone or integrated in PVs, as well as PHS facilities .

Does Greece really need energy storage?

Therefore, rather belatedly, Greece has turned its attention to energy storage. So far, the country is running a 1 GW program targeting standalone, front of the meter batteries. Greece has already run two tenders awarding about 700 MW of battery storage projects.

Does Greece have a zero-subsidy battery system?

The much-awaited ministerial decree for zero-subsidy standalone battery systems has been published in Greece. So far, Greece has provided support to 900 MW of standalone storage projects under three previous auctions.

Is Greece launching a 1 GW battery storage program?

So far, the country is running a 1 GW program targeting standalone, front of the meter batteries. Greece has already run two tenders awarding about 700 MW of battery storage projects. A call for the program’s third tender, targeting specifically battery systems in former coal mining regions, is imminent.

What will Greece's energy storage capacity be in 2025?

The combined capacity from all three auctions is expected to reach 900 MW. These energy storage units are crucial for Greece to manage renewable energy curtailments, which have already reached 3.7% this year and are projected to increase further in 2025.