Reykjavik aeolus energy storage tender

Does Greece need a third energy storage tender?

Greece’s first energy storage tender took place last year. It awarded 12 energy storage projects, or 411,79 ΜW of capacity, with an average price of €49,748/MW per year. To conclude its energy storage auction program, Greece needs to run a third storage tender to account for the remainder of the program’s 1 GW of capacity.

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.

When will Greece's second energy storage tender take place?

Greece’s energy regulator has published a call for the country’s second energy storage tender to take place in February 2024. Greece is gearing up for its second competitive auction for standalone, front-of-the-meter energy storage facilities connected to the electricity transmission network.

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 often should energy storage projects be completed in Greece?

Investors will be expected to submit progress reports every three months to ensure timely construction. Greece’s first energy storage tender took place last year. It awarded 12 energy storage projects, or 411,79 ΜW of capacity, with an average price of €49,748/MW per year.

Does Greece have a 1 GW energy storage program?

The auction is part of Greece’s 1 GW energy storage program. The country announced its 1 GW energy storage program in the summer with three separate tenders featuring 400 MW, 300 MW and 300 MW of capacity. The first tender awarded 12 energy storage projects in August, with 411,79 ΜW of capacity in total.