About Greece energy storage classification
On July 4, 2022, the Greek Parliament adopted Law 4951/2022 entitled "Modernization of the licensing process for Renewable Energy Sources -Phase B’, Licensing of electricity production and storage, framework for the development of Pilot Marine Floating Photovoltaic Plants and more specific provisions for energy and the protection of the .
On July 4, 2022, the Greek Parliament adopted Law 4951/2022 entitled "Modernization of the licensing process for Renewable Energy Sources -Phase B’, Licensing of electricity production and storage, framework for the development of Pilot Marine Floating Photovoltaic Plants and more specific provisions for energy and the protection of the .
In 2022, Greece amended the Energy Framework Law No. 4001/2011 by providing the legal framework for electricity storage particularly regarding licensing, remuneration and market participation. Thus, the law now recognises the following types of electricity storage:.
Currently there are four (4) storage plants operating in Greece, two open-loop pumped-hydro storage (PHS) stations in the mainland (700 ΜW in total) and two small hybrid RES-storage stations in non-interconnected islands (just 3 MW).
In 2022, Greece amended the Energy Framework Law No. 4001/2011 by providing the legal framework for electricity storage particularly regarding licensing, remuneration and market participation.
It should be noted that the first tender for such projects in Greece is planned for the end of the first quarter of 2023, for a capacity of up to 1 gigawatt. This should whet investors’ appetite, especially given the National Energy and Climate Plan target of 8 gigawatts of storage capacity within the next ten years, with battery .
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6 FAQs about [Greece energy storage classification]
What is the legislative framework governing the electricity market in Greece?
The legislative framework governing (in general) the operation of the electricity market and the energy sector in Greece is set by Law 4001/2011.
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.
How is storage developing in Greece?
The development of storage in Greece has only just begun: this year has been the big "kick-start" and there is now a common understanding of the needs and requirements and the steps to be taken to ensure an adequate identification and prioritization of all necessary actions.
How is electricity storage regulated?
The electricity storage is regulated by the relevant provisions of Law 4001/2011, as amended/supplemented by Law 4951/2022. The activity of electricity storage is subject to the granting of an Electricity Storage Licence, issued by RAE.
Will res stations be regulated in Greece in 2021?
1 During 2020-2021, Greece has experienced a new explosion of licensing interest for RES stations. The application to the Regulator in mid-2021 exceeded 9000 MW, with most of them having already acquired Electricity Producer Attestation (EPA), far beyond the needs of our national system.
What are energy storage technologies?
Energy storage technologies provide valuable flexibility on the grid by making the grid more efficient. With storage systems, renewable energy can be converted into basic units – the units that cover the basic loads of the system.
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