Average utility scale ESS price per 200MW in Greece

What is the quota for battery energy storage in Greece?

The quota for the latter is 50 MW. The program is part of the just transition efforts within Greece’s coal phaseout, currently scheduled to be completed in 2026. Grants for the capital expenditure or capex for the battery energy storage systems (BESS) are set at EUR 200,000 per MW.

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.

Will Greece provide a quota for battery projects in 2024?

Before the end of 2024, Greece intends to provide subsidies for standalone battery projects of 200 MW in total via the third auction. The Ministry of Environment and Energy issued a decree determining the available operating power quota.

When will a battery storage project be up and running in Greece?

The awarded projects must be up and running by the end of April 2026, according to RAAEY. Greece awarded 400 MW and 300 MW of battery storage projects in earlier auction rounds held in 2023 and 2024. Marija has years of experience in a news agency environment and writing for print and online publications.

What are the final results of Greek battery storage auctions?

The final results following the evaluation of potential objections on February 20, 2025. The final round of Greek battery storage auctions will support the buildout of the system in in the coal mining region of Western Macedonia in northern Greece and four municipalities in Peloponnese – Megalopoli, Tripoli, Gortynia, and Oichalia.

How much does battery storage cost in Europe?

The landscape of utility-scale battery storage costs in Europe continues to evolve rapidly, driven by technological advancements and increasing demand for renewable energy integration. As we’ve explored, the current costs range from €250 to €400 per kWh, with a clear downward trajectory expected in the coming years.