Greek Power Storage Project

4 FAQs about [Greek Power Storage Project]

Does Greece have a battery storage subsidy program?

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.

Will Greece install 900 MW of storage by 2030?

According to the Greek National Energy and Climate Plan (NECP), the nation aims to install 4.3 GW of storage by 2030. Thus far, 900 MW has been allocated via the Greek Regulatory Authority for Energy, Waste, and Water (RAAEY) tenders. Therefore, the remaining share would be delivered under the new plan but without any subsidy support.

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.

What is hydro pumped storage in Amfilochia?

The project “Hydro Pumped Storage in Amfilochia” is the largest investment in energy storage in Greece. With a total installed capacity of 680 MW (production) and 730 MW (pumping), the project consists of two independent upper reservoirs (Aghios Georgios and Pyrgos) and a common lower reservoir, Kastraki Lake.

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