The European Commission authorised a Greek measure on Monday 5 September with an estimated budget of €341 million to support the construction and operation of storage facilities in the electricity system.
The measure will be partly funded by the Recovery and Resilience Facility (RRF). It aims to enable the smooth integration of an increasing share of renewable energy from wind and solar sources into the Greek electricity system. The support will also contribute to the achievement of the EU’s strategic objectives of the ‘European Green Deal’.
Greece wants to create several electricity storage facilities, with a combined capacity of up to 900 MW, which will be connected to the high-voltage network. Contracts should be awarded to the successful projects by the end of 2023 and the storage facilities should be fully installed by the end of 2025.
The aid will be granted, cumulatively, in the form of an investment grant (paid during the construction phase for all supported projects) and an annual support (paid over a ten-year period during the operational phase of the projects). (Original version in French by Lionel Changeur)