Greece’s revised National Energy and Climate Plan will set a doubled energy-storage capacity target of 3 GW by 2030, to support the RES sector’s greater penetration of the energy mix, as part of the country’s contribution to CO2 emission reductions.

The previous energy-storage capacity target of 1.5 GW will be moved closer, to 2025, so that additional energy storage projects may be installed during the latter half of the decade, energy minister Kostas Skrekas told a recent energy sector conference.

The revised NECP will also set a higher target for RES installations, at 25 GW, from the existing plan’s 18.9-GW objective, as energypress has previously reported.

Investors are expected to receive a total of 450 million euros from the Energy Transition Fund as support for the first wave of RES projects to be installed by 2025.