How much does an energy storage auction cost in Greece?The regulator said the auction was highly competitive, leading to an average tender price of EUR47,680 ($51,506)/MW per year. To conclude its energy storage. The much-awaited ministerial decree for zero-subsidy standalone battery systems has been published in Greece. The grants can cover up to 75% of total cost of a system. 50% in 2025, growth builds up to 3.
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.
The much-awaited ministerial decree for zero-subsidy standalone battery systems has been published in Greece. So far, Greece has provided support to 900 MW of standalone storage projects under three previous auctions.
However, in December 2024, Greece downsized the third auction to 200 MW. The first two auctions concerned projects installed anywhere in Greece, while the third auction involved projects developed in former coal mining regions. The average subsidy price in the third auction exercise came at €52589.16/MW/year.
Which energy company offers the lowest bids for a battery project?
Greek firm Hellenic Renewables, which is a subsidiary of Helleniq Energy, offered the lowest successful bids for two battery projects of 25 MW/100 MWh each.