Government procurement price of microgrid storage in Greece

The participants will bid for 10-year contracts for difference (CfDs) for stand-alone battery systems. The price ceiling remains at EUR 115,000 per MW per year. Given significant interest in the sector, the government believes there is no reason to change it.

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About Government procurement price of microgrid storage in Greece

About Government procurement price of microgrid storage in Greece

The participants will bid for 10-year contracts for difference (CfDs) for stand-alone battery systems. The price ceiling remains at EUR 115,000 per MW per year. Given significant interest in the sector, the government believes there is no reason to change it.

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3 FAQs about [Government procurement price of microgrid storage in Greece]

Does Greece have a battery storage subsidy program?

Greece’s latest auction has awarded subsidies to 188.9 MW of standalone, front-of-the-meter, utility-scale battery energy storage. The auction was the third and final edition of a battery storage subsidy program launched in 2023, with the country now turning its focus towards a new 4.7 GW unsibsidized BESS scheme.

What is the long-term business case for storage in Greece?

The long term business case for storage will be supported by increasing interconnection, opening ancillary services and Greece’s accession to the market coupling platforms, but until then, public funding is required to kickstart investment. Funding was first announced in 2021 as part of the National Recovery and Resilience Plan.

Which Greek companies did not get funding?

While funding was awarded to established Greek companies, notable losers included Eunice and TERNA Energy. Significant international entities also missed out , with Iberdrola submitting 2 projects totalling 90MW, and Aquila Capital’s 30MW bid. This still leaves over 23GW that did not enter the auction.

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