New NECP foresees big rise in pumped storage stations by ’30

Construction of new pumped storage stations and an increase in battery installations are fundamental to the updated National Energy and Climate Plan’s target for greater RES representation in the country’s energy mix by the end of this decade.

The revised NECP, presented yesterday at the Interministerial Committee, includes a higher RES target of 28 GW and an increased energy storage target, for all technologies, to 8 GW by 2030.

A news conference covering the revised NECP’s details may be staged tomorrow.

The new NECP envisages pumped storage stations with a total capacity of 700 MW by 2030, through two power utility PPC facilities at Sfikia and Thisavros in the country’s north.

TERNA Energy has also planned a 680-MW pumped-storage facility in Amfilohia, northwestern Greece, whose completion would take the country’s capacity for this technology to 1,380 MW.

The 8-GW energy storage target set by the new NECP will require battery installations of more than 5 GW.

The new NECP will aim for a balanced approach between a RES capacity increase and energy savings. An energy consumption reduction of 6.2 percent, compared to 2020, has been set.