Over 20% of older RES applications no longer valid

Between 20 and 30 percent of older RES project applications submitted to power grid operator IPTO have been cancelled as a result of the failure of project investors to deliver letters of guarantee by a November 4 deadline.

This deadline has essentially served as a filter removing abandoned RES projects for which grid capacity bids had been submitted by investors.

The cancelled RES applications represent a total capacity of 4 to 6 GW, while investors behind RES projects representing between 14 to 16 GW reconfirmed their interest.

Authorities estimate that available grid capacity for these older RES applications will total 6.5 GW, meaning grid capacity will still be insufficient to host all these projects.

 

 

 

‘Stricter enforcement of RES project development plans’

Stricter enforcement of project development schedules for prospective RES units holding connection terms is required, while licenses need to be revoked if project deadlines are not met, power grid operator IPTO deputy president Giannis Margaris has underlined at an energy storage event in Athens.

The official also stressed the need, from now on, for RES units with integrated energy storage facilities, a combination that would enable a greater number of renewable energy projects to be installed and increase the grid’s ability to absorb their output.

As for energy injection restrictions that will be imposed on RES stations and energy storage stations, the IPTO deputy revealed that a relevant study and proposal by the operator will be submitted to the energy ministry within the next few days.

Margaris reiterated the problem of potential saturation faced by the grid, noting Greece’s current installed RES capacity totals 10 GW (5.5 GW – distribution network operator DEDDIE/HEDNO, 4.5 GW – IPTO), plus 11.5 GW in connection term offers.

The resulting total sum is nearly 22 GW, while IPTO’s ten-year development plan envisages 28 GW by 2030, including capacity being created on islands through interconnection projects, Margaris explained, adding that the National Energy and Climate Plan puts the grid capacity objective at 25 GW by 2030, meaning just 3 GW of available capacity remains, despite the strong level of investor interest.