Greek developer secures loan for 134 MWh battery storage project
Greek renewable energy company Faria Renewables is looking to the financial sector for backing to build its planned battery energy storage system (BESS) with a power
The Greek authorities have awarded 300 MW of new battery storage capacity in its second energy storage tender. The 11 winning projects range in size from 8.875 MW/17.75 MWh to 49.9 MW/100 MWh.
Currently there is a growing interest for investments in storage facilities in Greece. Licensed projects mostly consist of Li-ion battery energy storage systems (BESS), either stand-alone or integrated in PVs, as well as PHS facilities .
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.
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.
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