The energy ministry is close to finalizing the shape of its proposal for a competitive procedure concerning investment support qualification for energy storage units through the EU Recovery and Resilience Facility, the ministry’s secretary-general Alexandra Sdoukou informed yesterday during a speech on the first day of a conference titled “Investing in Green Energy Transition: Energy Storage – New Technologies – Energy Saving”.
According to Sdoukou, the ministry is striving to forward its proposal to the European Commission as soon as possible as Athens aims to launch the competitive procedure in the first quarter of 2022.
Investors are expected to be offered 200 million euros through the competitive procedure as investment support for energy storage systems totaling at least 500 MW.
Greece is expected to have determined and notified all qualifying parties by the second quarter of 2023.
The government aims to offer a total of 450 million euros as investment support for energy storage and pumped storage projects.
Sdoukou asserted that this amount will suffice to cover subsidies of up to 40 percent for the development of energy storage systems, necessary to support the country’s increased RES penetration objective set for 2030.