Investors in standalone batteries in Greece request extension as deadline looms

September 30 marks a crucial deadline for standalone battery projects selected through Greece’s first two auctions.

Investors in battery projects of about 700 MW in total are rushing to submit their so-called declarations of readiness to the Independent Power Transmission Operator (IPTO or ADMIE) by the end of September. After that point, the projects must become operational by the end of the year.

Investors claim that a lengthy licensing process, combined with a one year equipment procurement span, means many will be unable to reach the finish line in time. Licensing delays also caused problems with financing.

If a project breaches the deadlines, it will be subject to the loss of the letter of guarantee, resulting in losses that can even reach several million euros, depending on the capacity of the battery.

The deadline for commissioning for projects selected through the third auction, which amount to 200 MW, is April 30.

Market warns of insufficient time for batteries

The Hellenic Association of Energy Storage Systems (HAESS) has asked for more time and a new final declarations deadline, end-July 2026, for the projects selected through all three auctions. It added that the investors of the first two rounds only managed to acquire connection terms by mid-year.

The deadlines are binding to secure funding from the European Union’s Recovery and Resilience Facility (RRF), the organization explained. It means that if the timeframe is breached, selected projects will not receive support.

So far there has been no official statement about the possibility of extending the deadlines. Therefore, it remains to be seen whether the Ministry of Environment and Energy will maintain a strict stance, as Greece urgently needs storage to address ever higher curtailments.