Macquarie’s subsidiary Cero Development Hellas received a permit for adding batteries with a capacity of 749 MWh to its project for a 370 MW photovoltaic solar plant in Central Greece.
Renewable energy investors are increasingly turning to batteries to keep their solar power projects on track. As electricity consumption in Greece is stagnating and the grid is struggling to add capacity, curtailments may affect 70% of potential photovoltaic output. In addition, energy storage is set to become a requirement for participation in renewable energy auctions.
Cero Development Hellas got the approval from the Regulatory Authority for Energy, Waste and Water (RAEWW) to change its producer certificate for a 370 MW photovoltaic project by adding battery energy storage, Newmoney reported. The location of the future Dristello solar power plant is in the municipalities of Domokos and Stylida in the regional unit of Fthiotida in Central Greece.
The energy storage system wouldn’t be able to receive power from the grid. The envisaged nameplate capacity is 749 MWh and the depth of discharge would be 711 MWh, translating to a nominal battery availability of 95%.
Cero Development Hellas is part of Cero Generation, which operates in eight European countries. It was founded by Macquarie Asset Management’s private equity fund Green Investment Group (GIG). Macquarie Asset Management is the investment management division of Australia-based Macquarie Group, Balkan Green Energy News reports.
