Greece’s latest auction has awarded subsidies to 188.9 MW of standalone, front-of-the-meter, utility-scale battery energy storage. The auction was the third and final edition of a battery storage subsidy program launched in 2023, with the country now turning its focus towards a new 4.7 GW unsibsidized BESS scheme.
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.
Other Greek firms who were successful at the tender are: PPC Renewables with a 50 MW/200 MWh project; Enerkoplan Ιnvestment with a 25 MW/100 MWh project; Ardassa Energy with a 18 MW/72 MWh battery; Arcadia Storage, which is owned by Eunice, with a 10 MW/40 MWh battery; and Plain Solar with a 7.9 MW/31.6 MWh facility.
However, in December 2024, Greece downsized the third auction to 200 MW. The first two auctions concerned projects installed anywhere in Greece, while the third auction involved projects developed in former coal mining regions. The average subsidy price in the third auction exercise came at €52589.16/MW/year.
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After the 10-year term, most projects are expected to rely on merchant market revenues. Key long-term revenue sources for BESS in Greece include CfDs, capex subsidies, energy market arbitrage (buying …
Learn MoreGreece’s latest auction has awarded subsidies to 188.9 MW of standalone, front-of-the-meter, utility-scale battery energy storage. The auction was the third and final edition of …
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Learn MoreGreece’s latest auction has awarded subsidies to 188.9 MW of standalone, front-of-the-meter, utility-scale battery energy storage. The auction was the third and final edition of a battery storage subsidy …
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