EC Approves €1 billion Greek State Aid Measures to Support
The Seli Project entails the construction of a 309 MW photovoltaic unit with an integrated lithium-ion battery energy storage system. This project aims to optimise electricity
In its energy transition, Greece relies substantially on energy storage projects. While pioneering auctions for subsidies for battery systems on the European level, the country is also preparing some major pumped storage hydropower projects. The largest one, Amfilochia, is under construction and should be completed by the end of 2025.
Amfilochia is the first project in decades, but we are now planning many more to build on its success. We hope to start another new pumped storage project in the next two years, and we currently have another large hydropower project in development. How do you see pumped storage hydro in terms of the clean energy transition for Greece?
The advanced pumped storage plant will act as a green battery by balancing fluctuations in power generation from wind and solar plants, thus ensuring the secure and stable operation of the Greek power grid, it said. Water is pumped to the upper reservoir using excess electricity, when production exceeds demand.
The complex is set to consist of two plants with separate upper reservoirs. In its energy transition, Greece relies substantially on energy storage projects. While pioneering auctions for subsidies for battery systems on the European level, the country is also preparing some major pumped storage hydropower projects.
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