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Greece expands electricity storage facility through Recovery and Resilience Facility

Greece wants to introduce a measure aimed at the construction and operation of electricity storage devices through a State aid scheme. The cost of this measure is estimated at €341 million.

The European Commission approved the Greek plan, allowing the measure to be co-funded by the Recovery and Resilience Facility. This measure makes it possible to bring a greater share of renewable energy from wind and solar sources. This measure contributes more broadly to the achievement of the EU’s strategic objectives, relating to the Green Deal for Europe.

Batteries are essential for the development of low-carbon electrical systems. This measure, which supports the creation and installation of new storage systems, helps meeting the EU’s emission reduction targets. To enable the implementation of these measures, new guidelines have been created and are applicable since January 2022, thus providing a more flexible framework for Member States.

A tendering procedure will be set up in compliance with conditions of transparency and non-discrimination before the end of 2023. The goal is to complete the installation of the storage devices by the end of 2025.



Source: State aid: Commission approves Greek scheme under Recovery and Resilience Facility to support development of electricity storage facilities


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