BESS project financing options in Greece 2025

By Energy Storage News · · 2-3 min read

Financial backing includes a €10 million State-Aid Grant, a €5.5 million loan from the European Union’s Recovery and Resilience Fund (RRF), and a €10 million non-recourse project finance loan arranged by the National Bank of Greece S.A. (NBG).

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The total €41.9 million financing package for the BESS project will be secured by €5.5 million of RRF loan, and €10 million of RRF subsidy, as well as €18.2 million of project

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Expected to commence operations in the last quarter of , it has a 10-year Contract for Difference secured from Greece's inaugural BESS tender completed in summer

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Faria secures financing for 49.9 MW battery project in Greece

General | July 29, Faria secures financing for 49.9 MW battery project in Greece The 28 million euro project is being implemented under the National Recovery and Resilience Plan

European BESS offtake & financing – state of play

Timera Energy look at offtake & financing conditions across key BESS markets, optimisers & offtake contract structures and the evolution of battery debt financing

Europe drives BESS market strength

Following the launch of the first round of energy storage project bidding in , Greece announced the winning list of the second round of energy storage project bidding in February this year, which included 11 BESS projects

BESS project financing options in Greece 2025

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