About Greek pumped energy storage project won the bid
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6 FAQs about [Greek pumped energy storage project won the bid]
What is the Greek energy storage tender?
The tender is part of the country’s 1 GW energy storage auction program. The Greek energy regulator has awarded 300 MW of new battery storage capacity in the nation's second energy storage tender, split among 11 projects. The tender is part of the country’s 1 GW energy storage auction program.
Is Greece preparing for a new energy storage auction?
Greece is gearing up for its second competitive auction for standalone, front-of-the-meter energy storage facilities connected to the electricity transmission network. The auction is part of Greece’s 1 GW energy storage program.
How are energy storage subsidy auctions changing?
This is changing as the long-awaited storage subsidy auctions have started, with the first projects being awarded support for both investment and operating costs. While 12 projects won awards in the first tranche of the recent grid-scale energy storage auctions in Greece, what of the 500 that didn’t?
How many battery storage projects were selected in the auction?
In total, 12 battery storage projects from seven participants were selected in the auction: An energy community called Energeiaki Koinotita Meagapi Ilios got one project approved, 8 MW. Also in line with the rules, all proposed projects would have a capacity, expressed in megawatt hours, two times higher than operating power.
Is raaey planning a second energy storage auction?
It should be noted that RAAEY plans a second energy storage auction for September with 300 MW on offer. In other news on energy storage in Greece, Energypress learned from unidentified sources that PPC Renewables’ parent – Public Power Corp. or PPC – plans to construct five pumped hydropower units of 1.41 GW in total capacity.
How much does it cost to apply for energy storage?
Additionally, an application fee of €2,500 per submission to the regulator is required. A 100% tender subscription rule fosters competition, requiring at least 576 MW of energy storage capacity to vie for selection to secure 288 MW.
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