What is the future of battery storage in Greece?

Overall, following last months public consultation, the Greek ministry of the environment and energy presented a bolder and even more ambitious battery storage program, allowing for longer completion times but retaining the financial and competition guarantees in place.

What is Greece's new battery storage program?

Greece’s new battery storage program has taken into account the areas most congested by the output of renewable power stations as well as the kind of renewable projects connected to the grid.

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.

Are battery energy storage systems economically feasible?

Battery Energy Storage Systems (BESS) will play a vital role in achieving the energy objectives of the European Union (EU), although there is a lot of skepticism regarding the economic feasibility of BESS systems.

How long does it take to get a battery system in Greece?

Battery systems sought for the islands that link to Greece’s mainland electricity system (e.g. Crete) also have 150 days to apply for the new program. Projects larger than 10 MW need to apply for a grid connection agreement to the transmission network operator, while projects up to 10 MW need to apply to the distributor grid operator.

Is Greece preparing a new 3.5 GW energy storage program?

A decision published by Greece’s Ministry of the Environment and Energy in the State Gazette last Friday was a surprise for the domestic energy storage sector. The ministry ran a public consultation in late February, proposing a new 3.5 GW energy storage program.