The RAE regulates the energy sector in Greece. Image: The successful participants in the second round of Greece''s auction for financial support of large-scale BESS have been revealed. The Regulatory Authority for
Sellers shield themselves from price, volume, and profile risks, ensuring a harmonious amalgamation of revenue streams. Conclusion: Hybrid PPAs – The path towards a resilient energy future The increased focus on
By the end of 2024, Greece''s third battery storage auction will offer 200 MW of standalone battery projects, bringing the total capacity from all three auctions to 900 MW, inching closer to the
The pileup of proposals for wind and solar power plants in Greece bolstered the interest in investments in pumped hydropower storage facilities to balance the output from the
In this second national auction, organized by Regulatory Authority for Energy (RAE) of Greece, SOLEK secured a 18MW/36MWh project. This significant success will enable SOLEK to expand its presence in the
offshore wind projects were procured through AR5. Historically the success rate for procurement of eligible projects in CfD auctions has fallen short of the level required to meet renewable
2025 is a pivotal year for the renewable energy sector, with a range of high-impact projects nearing final investment decision (FID). These ventures, spanning offshore wind, solar and onshore wind, are set to unlock
The Ministry of Electricity has confirmed that all eight renewable energy projects awarded under Bid Window 7 of the Renewable Energy Independent Power Producer Procurement Programme (REIPPPP) are solar
Greece launches a 200 MW battery storage tender, bolstering its 1-GW energy program. Bid by December 2024 for a chance at substantial subsidies!
EDP Renewables, part of Portuguese utility group EDP Energias de Portugal SA (ELI:EDP), intends to pull out of the Greek renewable energy market by divesting all of its assets in the country, local news portal Energy
In the EU, polluters have to pay for their greenhouse gas emissions via the Emissions Trading System (ETS). The money raised via the ETS is reinvested into the Innovation Fund: one of
South Australia: 2 projects producing 574MW Queensland: 3 projects producing 550MW (plus 1,200MWh of storage). These projects use a mix of solar, wind, and hybrid technologies—renewables combined with battery
These projects represent a significant step towards a sustainable energy future, where the strengths of solar, wind, battery storage, and hydrogen production are combined to
The Greek authorities have 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
The scheme is planned to be backed by 100 million euros in Recovery and Resilience Fund financing, earmarked for adding battery storage to eligible renewable energy
While the winning projects bid less than €60k/MW, most bids sought more than €70k with higher prices missing out. While funding was awarded to established Greek companies, notable losers included Eunice and
South Africa''s energy sector is set to receive a major boost as Saudi Arabia''s Acwa Power has signed a power purchase agreement for the country''s largest hybrid dispatchable renewable power project. The project,
For professionals working in the energy storage sector, 2023 has been for sure a year full of tenders and new support schemes dedicated to energy storage in many countries,
This is SOLEK''s first energy project awarded in an auction in Greece. It places the company among the major energy players contributing to the development of sustainable
Hybrid renewable energy systems are an apparent solution for areas and countries like Greece, especially when combined with seawater-pumped storage hydropower
The average subsidy price in the third auction exercise came at €52589.16/MW/year. The lowest successful bid stood at €43927/MW/year, concerning a 25
The deadline for bid submissions is set for 23 December 2024, with connection applications due by 31 January 2026.
Greece has launched its third tender for battery energy storage capacity, seeking to award 200 MW of projects, which will compete for subsidies of EUR 200,000 (USD
This involves expanding the cost-effective availability of renewable energy in alignment with the REPowerEU Plan. The measure also aims to bolster existing renewable energy projects to
This move, approved by Greece''s Regulatory Authority for Energy, Waste and Water (RAAEY), was officially published in the country''s Official Gazette on Sunday. This round sets a maximum bid price of EUR
This significant success will enable SOLEK to expand its presence in the renewable energy sector and offer innovative energy storage solutions in Greece. This is SOLEK''s first energy project
The deadline for bid submissions is set for 23 December 2024, with connection applications due by 31 January 2026. The bidding price for projects is capped at 145,000 euros
Greece is getting four new battery energy storage systems (BESS) amounting to 105 MWh, while Germany''s Intilion will develop 65 MWh for Switzerland''s Primeo Energie.
Bids in the tender round were priced at between EUR 33,948 per MW and EUR 64,122 per MW, with the weighted average price of the successful proposals standing at EUR 49,748 per MW annually.
