What are the 11 energy storage projects in Greece

Tags: Energy Storage Projects

4 FAQs about What are the 11 energy storage projects in Greece

How many MW of new battery storage capacity does Greece have?

The Greek authorities have awarded 300 MW of new battery storage capacity in its second energy storage tender. The 11 winning projects range in size from 8.875 MW/17.75 MWh to 49.9 MW/100 MWh.

How many companies have won government support for a battery project?

Seven companies have won government support for 11 standalone battery projects at Greece's second energy storage auction, where 300 MW was offered.

Which energy projects remained below the line?

Two offers remained below the line: Alasia's two projects of 36 MW each and R1 Energy's planned unit of 50 MW. CNI's bid for a facility in Livadia was the lowest: EUR 44,100 per MW per year. The highest, at EUR 49,917 per MW per year, was for Terna's battery array in Thebes. The average was EUR 47,680 per MW per year.

How much does a GW energy storage auction cost?

This second auction comes after the initial round of auctions in August 2023, when 12 projects totaling 411 MW were awarded at an average annual cost of €49.748 per MW. Another round is planned for April 2025, with the goal of allocating an additional 300 MW. These tenders are part of the country's 1 GW energy storage auction program.

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