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.
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.
How many GW of battery energy storage will be installed?
However, its final decision is targeting a total of 4.7 GW of new utility-scale, front-of-the-meter, standalone battery energy storage projects. Of this capacity, 3.8 GW of batteries will link to the transmission network and 900 MW of capacity will be installed on the distribution network.
Who gets subsidies for batteries?
According to the official program guide published in December, smaller businesses that install batteries will receive the largest subsidies, 50%. Medium-sized firms get 40% and large companies 30%. The beneficiaries are eligible for assistance with technical studies and connection to the grid.
How much does it cost to develop a battery?
Qualified investors need to prove they possess the equity capital to develop the projects or present a pre-approved loan, while the scheme has set that the cost to develop 1 kWh of battery capacity is at least €200.
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