Successful bid price of home battery pack project in Greece 2026

Will Greece provide a quota for battery projects in 2024?

Before the end of 2024, Greece intends to provide subsidies for standalone battery projects of 200 MW in total via the third auction. The Ministry of Environment and Energy issued a decree determining the available operating power quota.

How many projects have been awarded in Greece's first battery energy storage system?

The Greek Regulatory Authority for Energy has confirmed that 411.8 MW of projects have been awarded in the country’s first standalone battery energy storage system (BESS) tender, which has attracted huge interest among developers. Investment and operating aid will be granted to 12 projects put forward by seven proponents.

What is the highest subsidy for a battery project in Greece?

The highest awarded subsidy came at €58773/MW/year and refers to a 7.9 MW/31.6 MWh project located in the same region. Greek firm Hellenic Renewables, which is a subsidiary of Helleniq Energy, offered the lowest successful bids for two battery projects of 25 MW/100 MWh each.

How many energy projects did helleniq & Intra Energy bid for?

Helleniq Energy and Intra Energy (Intrakat) are each behind three of these 12 projects, PPC Renewables bid successfully for two projects, while Aenaos (Mytilineos), Energiaki Techniki Anaptyxiaki, Energy Bank, and one energy community bid successfully for one energy storage project each.

How much can you bid on a mw project?

The maximum bid in the auction can’t exceed EUR 145,000 per MW per year. The Regulatory Authority for Waste, Energy and Water (RAAEY) is expected to launch a call to the third auction in the next few weeks. Selected investors would have to complete their installations by April 2026.

Can PPC bid into a second auction?

Restrictions on participation in future auctions mean that PPC, HelleniQ and Intrakat have all reached the 100MW limit and cannot bid into the second auction, while Mytilineos can only bid 50MW of its 1GW pipeline. PPC also have a 1GW portfolio of projects that is excluded from the second tranche, due to be awarded in Q3.