Greece plans to invite investors to build batteries for renewable energy power, with a total storage capacity of 700 MW, said Greek Minister of Energy Kostas Skrekas.
Minister Skrekas said that Greece will launch a tender for storage batteries in autumn, budgeted at 200 million euros. He added that Greece will also look to produce hydrogen, while the detailed plan regarding hydrogen will be announced in July.
Greece aims to reach a 35 % share of renewables in final energy consumption by 2030, up from about 20 % last year, as it plans to shut down all but one of its coal-fired plants by 2023 to help reduce carbon emissions and cut dependence on fossil fuel.
Greece plans to spend about 5 billion euros from a European Union post-pandemic recovery plan over the next five years to upgrade its electricity network, restore mining sites to their former condition, set up charging stations for e-vehicles and improve the energy efficiency of both private and public buildings.