Greece’s Regulatory Authority for Energy has disclosed 48 provisional winners in the country’s second energy storage auction, totalling 1.5GW/3.1 gigawatt-hours (GWh).

The development is part of Greece’s ongoing efforts to enhance its energy storage infrastructure.

The average winning bid in this round is €46,680/MW per year.

The list comprised proposals from 42 developers.

However, bids amounting to 113MW from seven companies were not included in the competition.

Successful candidates included Amber Energy, CNI Energy, Energeiaki Techniki, Enel Green Power from Italy, Heron and Terna Energy from Greece, Renewables Now and Energy Storage News reported.

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Projects from Mytilineos, BayWa and Elpedison did not advance to the next stage.

The auction process required developers to bid for long-term operating grants. It followed the first auction round in August 2023, which saw 12 projects totalling 411MW awarded at an average of €49,748/MW ($53,589) per year.

Another round is anticipated in spring 2025 and aims to allocate a further 300MW.

The programme is supported by EU funds through the Recovery and Resilience Plan, which seeks to counteract the economic impacts of the Covid-19 pandemic.

In January 2024, the country’s Regulatory Authority for Waste, Energy and Water allocated permits for 240MW of new renewable energy projects.

This marks a substantial increase in the nation’s renewable energy capacity, with 132.6MW allocated for solar photovoltaic installations and 108MW for wind power generation.

Companies including Terna Energy, North Solar 1, Energy Vorsana UAE, Enerkoplan Energy and Investments and Axia Monoprosopi IKE secured contracts to build solar and wind projects.