Greece Launches Tender for 200 MW Battery Storage Projects

• Greece launches a 200 MW battery storage tender, bolstering its 1-GW energy program. Bid by December 2024 for a chance at substantial subsidies!

Greece has initiated a tender for 200 MW of battery energy storage systems (BESS) as part of its 1-GW program, aimed at establishing standalone energy storage capacities. The tender, approved by the Regulatory Authority for Energy, Waste and Water (RAAEY), will close for bids on December 23, 2024. Eligible projects can compete for subsidies amounting to EUR 200,000 (USD 217,920) per MWh, with a bidding cap set at EUR 145,000 per MWh.

This third and final round follows the successful allocation of 411.8 MW and 299.8 MW in previous tenders. The new projects must feature a four-hour storage capacity and be located in Western Macedonia or the Peloponnese region, with a specific quota of 50 MW assigned to four municipalities in Peloponnese. Connection application deadlines are set for January 31, 2026.

What are the key details of Greece's 200 MW battery storage tender?

Here are the key details of Greece's 200 MW battery storage tender:

• Project Scope: The tender seeks to establish 200 MW of battery energy storage systems (BESS) as part of Greece's broader 1-GW energy storage initiative.
• Regulatory Approval: The tender has received approval from the Regulatory Authority for Energy, Waste and Water (RAAEY), underscoring government support for the project.
• Bid Submission Deadline: The deadline for submitting bids is set for December 23, 2024, allowing ample time for potential participants to prepare their proposals.
• Subsidy Framework: Eligible projects can compete for subsidies, with funding available at EUR 200,000 (approximately USD 217,920) per megawatt-hour (MWh), designed to incentivize investment in storage solutions.
• Bidding Cap: A bidding cap is established at EUR 145,000 per MWh, setting a maximum for what bidders can request for their projects.
• Progressive Rounds: This tender represents the third and final round in Greece's battery storage initiative, following earlier successful bids that allocated 411.8 MW and 299.8 MW in previous rounds.
• Storage Capacity Requirements: Projects must demonstrate a minimum storage capacity of four hours to qualify, ensuring they meet operational efficiency standards.
• Geographical Limitations: The tender stipulates that projects must be located in specific regions, particularly in Western Macedonia or the Peloponnese, which are identified as areas of strategic interest for energy development.
• Municipal Quota: A portion of the tender, specifically a quota of 50 MW, is reserved for projects within four municipalities in the Peloponnese, promoting local economic development and energy autonomy.
• Connection Application Deadline: Applicants must adhere to a connection application deadline, which is set for January 31, 2026, facilitating timely project integration into the national grid.
• Strategic Energy Goals: This tender is part of Greece's strategy to enhance energy resiliency and integrate more renewable energy sources, aligning with European Union energy transition targets.
• Market Implications: The introduction of significant battery storage capacity is expected to support grid stability and enable increased penetration of renewable energy sources like solar and wind.
• Investment Opportunities: The tender aims to attract both domestic and international investors, fostering competition and innovation in the Greek energy market.

These details highlight the significance of the tender in strengthening Greece's energy infrastructure and advancing its renewable energy objectives.