EC insists on swift action on Greek battery storage support plan - report

October 20 (Renewables Now) - The European Commission (EC) has urged the Greek government to finalise “as soon as possible” its plan for supporting energy storage projects, Energypress reports.

Greece is currently working on a programme to subsidise the sector via awards that will be allocated in competitive tenders. Energy minister Kostas Skrekas announced in the summer that some EUR 200 million (USD 232.7m) have been earmarked to back 700 MW of battery storage schemes. Supposedly, the capacity will be distributed in two tenders of 350 MW each.

According to the report, EC insists that it makes the assessment of the Greek plan based on current EU directives for state aid in the environment and energy sectors, which are due to be revised as of 2022. Thus, the review procedure needs to be completed by end-2021.

The energy storage tender was initially said to be scheduled for the first quarter of 2022. Local media earlier reported that funds for its budget would be sourced from Greece’s COVID-19 recovery plan.

(EUR 1.0 = USD 1.163)

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Veselina Petrova is one of Renewables Now's most experienced green energy writers. For several years she has been keeping track of game-changing events both large and small projects and across the globe.

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