Greece photovoltaic energy storage policy design

How many GW of solar capacity does Greece have?

Image: Sandia National Laboratories, Wikimedia Commons Since 2016, when Greece introduced its competitive auction framework for renewable energy and held its first PV tender, the country has awarded more than 2 GW of solar capacity.

How much is a feed-in tariff for a solar project in Greece?

The new law has also put an end to feed-in tariffs for solar projects up to 500 kW in size. Developers of such installations with the necessary licenses can sign contracts with Greece’s Renewable Energy Sources Operator and sell the generated electricity in the electricity market at a feed-in tariff of €65.73 ($71.37)/MWh.

Why is Greece focusing on energy storage?

Greece has been actively focusing on energy storage since the emergence of the RES “boom” in 2020. The country recognised the pivotal role of energy storage in the energy transition and emphasised its importance in the first iteration of the country’s National Energy and Climate Plan in 2019.

What are the goals of renewables licensing & energy storage?

According to an official announcement, the basic goals of the new framework for renewables licensing and energy storage are as follows: – Reduce the average licensing time for renewables from five years to 14 months. – Develop energy storage projects of at least 3.5 GW by 2030.

Does Greece have a power auction policy?

This policy remains in place today, but at the end of April, the Greek parliament voted in a new law (Law 5106/2024) that allows the government to hold auctions for asset owners who are willing to accept higher power curtailment rates for their projects than usual, as well as installations that include energy storage systems.

How does Greece's new electricity curtailment law work?

The new law does not define the percentage of electricity curtailment for awarded projects in future auctions. Instead, the new law allows Greece’s Ministry of the Environment and Energy to separately set the percentage of electricity curtailment for awarded projects for each new auction.