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Greece: The second energy storage auction to be announced in September

Greek Regulatory Authority for Waste, Energy and Water, is expected to announce a second standalone batteries auction towards the end of September, offering an overall capacity of 300 MW.

Terms for the next standalone batteries auction will be similar to those that applied for the previous auction.

This effectively means that participants will have 25 days to submit bids once the auction’s announcement is made.

Taking into account that RAEEY will require approximately one month to evaluate the bids, a finalized list of successful projects can be expected in November.

The first auction for standalone batteries proved highly successful – 12 projects secured the session’s entire capacity of 411.79 MW on offer, at annual prices ranging from 33,948 euros per MW to 64,122 euros per MW, well below an upper limit of 115,000 euros per MW.

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