Renewables

Greece working on new energy storage support framework

energy storage support

Photo: Денис Марчук/Pixabay

Published

September 17, 2019

Country

Comments

comments icon

0

Share

Published:

September 17, 2019

Country:

Comments:

comments icon

0

Share

Greece’s energy regulator, RAE, is preparing a new energy storage support framework to foster renewable energy growth, chairman Nikolaos Boulaxis has said at the Thessaloniki International Fair.

The new energy storage support framework should be completed by the end of 2019, Boulaxis said, energypress reported.

“The future of renewable energy is linked to the ability to store it. RES growth and decarbonization cannot be achieved without storage and strong interconnections,” Boulaxis was quoted as saying.

RAE’s chairman said storage system development is vital for the non-interconnected islands as this would encourage RES installations prior to the completion of grid interconnection projects and also offer support to the interconnections.

The energy storage plan has already undergone public consultation. RAE is now working on shaping its proposal in collaboration with the Ministry of the Environment and Energy, responsible for any legislative revisions to be needed.

Also, the plan will soon be discussed with the European Commission for approval details concerning state aid as well as its target model compatibility.

Tesla eyeing microgrids, energy storage in Greece

According to earlier reports, U.S. automotive and energy company Tesla, Inc. is interested in cooperation on modernizing Greek islands’ power grids as part of a strategy to reduce the use of fossil fuels in favor of renewables.

Tesla has reportedly already a pilot project to demonstrate its microgrid system in the region.

Over the years, Tesla has acquired some experience in building microgrids to power remote islands using solar panels and its energy storage systems, like the Powerpack.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Fund ran by asset manager Mirova buys stake in RP Global

Fund ran by asset manager Mirova buys stake in RP Global

24 October 2024 - Energy transition infrastructure fund MET6, managed by Mirova, is becoming a relevant minority shareholder in RP Global

EU approves Western Balkans reform agendas auction schedules renewables

EU approves Western Balkans reform agendas including auction schedules for renewables

24 October 2024 - Western Balkan governments excluding BiH can draw funding from the EU's Growth Plan as they fulfill reform obligations and achieve goals

croatia hep korlat ebrd eib loans

Croatia’s HEP secures financing for Korlat solar power plant

24 October 2024 - Korlat is the largest photovoltaic project in Croatia with a construction permit, according to Hrvatska Elektroprivreda

epcg ivan bulatovic investments gvozd perucica

EPCG to invest EUR 300 million in next three years – CEO

24 October 2024 - Montenegro’s power utility Elektropriveda Crne Gore is conducting a big investment cycle, its CEO Ivan Bulatović said