Greece’s first standalone battery energy storage system (BESS) tender has been largely oversubscribed, attracting offers for 3.3 GW of capacity against a target of 400 MW, Energypress reports.
A total of 93 proposals have been filed with energy regulatory authority RAE. The auction, launched in July, has lured proposals ranging between EUR 34,000 (USD 37,319) per MW and EUR 64,000 per MW, while bids were capped at EUR 115,000 per MW per year.
Among the participants in the round are Greek firms Helleniq Energy, PPC Renewables and Mytilineos.
Developers were allowed to make their offers until July 10 and compete for a total funding of EUR 200 million, to be provided from Greece’s Recovery and Resilience Facility. Proposals are due to be reviewed by August 9 and winners will be announced on the next day.
According to the report, three of the total submitted proposals have been rejected by the market regulator as they have been considered invalid.
The selected developers will receive a grant of up to EUR 200,000 per MW to install the proposed BESS capacity. The winning projects should have an individual capacity not higher than 100 MW and should be commissioned by the end of 2025. They will be connected to the country’s transmission grid.
(EUR 1.0 = USD 1.098)
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