Greek energy ministry is considering lowering tariffs for energy storage projects that make successful bids at a second energy-storage auction following intense competition displayed at a first auction.
The auction will be held to expand the supported energy storage portfolio, initially planned to reach 1,000 MW.
A reduction in tariffs for energy storage projects at the next auction would be coupled with an increase in the overall capacity – more than 300 MW – to be offered to investors. This additional capacity promises to pave the way towards an installed energy storage total capacity of more than the 1,000 MW that had been planned initially.
Bidding by energy storage projects that secured tariffs at the first auction ranged between 33,948 euros per MWh, for a year, and 64,122 euros per MWh, for a year, well below a starting price of 115,000 euros per MWh, for a year.
A total of twelve projects involving seven bidders shared approximately 400 MW.