Leading energy companies, both domestic and international, are rapidly acquiring renewable energy licenses and projects in Greece, with a notable focus on hybrid projects that combine electricity generation and storage.
Investment is heavily directed towards renewable energy source (RES) projects, particularly in wind and solar, especially those with finalized network connection approvals or already operational status. The integration of energy storage systems into these projects is a key area of interest.
The Greek energy market is poised for an increase in RES projects featuring storage capabilities, following recent legislative changes from the Energy Ministry. These updates allow for the addition of batteries to solar projects, even those in advanced licensing and development stages.
RES projects equipped with storage systems are becoming increasingly attractive due to the rising frequency of curtailment measures, which are implemented to prevent network overloads and can result in significant revenue losses when a portion of RES output goes unused.
Despite this heightened interest, the market currently sees RES projects being sold at prices ranging from 70,000 to 120,000 euros per MWh, notably lower than prices observed in previous transactions.
