Greece's BESS Tender Allocates 411.8MW

• Greece's Regulatory Authority for Energy (RAE) has successfully allocated 411.8 MW of projects from 93 proposals, surpassing the 400 MW target for the first BESS tender. 12 projects from 7 developers will receive financial aid for investment and operation over a 10 year period. Projects are expected to be operational by the end of 2025.

Greece's Regulatory Authority for Energy (RAE) has allocated 411.8 MW of projects from 93 proposals, exceeding the 400 MW target for this first standalone BESS (Battery Energy Storage System) tender. Financial aid for investment and operation is being given to 12 projects from 7 developers, valid over a period of 10 years and with a weighted average tariff of EUR 49,748 per MW. The projects are expected to be operational by the end of 2025.

What Was the Result of Greece's BESS Tender?

• The tender provides a unique opportunity for Greece to make the most of its Renewable Energy Sources (RES) and energy storage systems (ESS) in a way that is economically beneficial.
• The total capacity awarded was 411.8 MW, exceeding the target of 400 MW.
• The projects will be spread across 14 regions and they will be operational by the end of 2025.
• The financial aid for investment and operation will be given to 12 projects from 7 developers, with a weighted average tariff of EUR 49,748 per MW.
• The tender is expected to push the development of renewable and energy storage technologies in Greece, and increase grid stability.
• The successful bidders will receive a premium for the energy stored in their batteries and used to cover peak demands.
• The tender is part of a larger strategy to increase the share of renewable energy sources in Greece’s energy mix.
• The result of the BESS tender is that Greece will benefit from a greater number of renewable energy sources, more energy storage capacity, and increased grid reliability.