European Commission clears €1bn Greek state aid for 2 PV+storage
The European Commission has approved a €1bn Greek aid measure package to support two renewable power production and storage projects in Greece.
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The European Commission has approved a €1bn Greek aid measure package to support two renewable power production and storage projects in Greece.
The European Commission has approved a €1bn Greek aid measure package to support two renewable power production and storage projects in Greece.
The first project, Faethon, has proposals to build two 252 MW solar installations. The solar facilities will be supplemented with molten-salt thermal storage units and an extra
Greek electricity supplier PPC Group has begun construction on two battery energy storage systems (BESS) in Western Macedonia, Northern Greece, as part of its
The second project, dubbed Seli Project, is for a 309-MW solar site which will be backed by a lithium-ion battery energy storage system (BESS). Construction works on both
Construction of both projects is targeted to be completed by mid-2025. The financial aid will be carried out via a two-way contract for
The first project, Faethon, has proposals to build two 252 MW solar installations. The solar facilities will be supplemented with molten-salt thermal storage units and an extra
Construction will be completed by mid-2025. The first project, Faethon, includes plans to construct two solar facilities, each with 252MW of capacity. The solar facilities will be
The Seli Project entails the construction of a 309 MW PV plant coupled with a lithium-ion battery energy storage system. This project aims to optimize electricity generation
This project aims to optimise electricity generation and grid stability. The EC did not disclose the storage capacity, nor output, on either project. Construction of both projects is
The Seli Project entails the construction of a 309 MW PV plant coupled with a lithium-ion battery energy storage system. This project
Greece will invest €1 billion ($1.1 billion) to support the installation of 813 MW new solar PV capacity, along with integrated storage solutions, after securing a go-ahead from the
Greece plans to provide EUR 1 billion in state subsidies to support two solar power projects, with a total capacity of over 800 MW and with integrated energy storage units.
Construction of both projects is targeted to be completed by mid-2025. The financial aid will be carried out via a two-way contract for difference (CfD) over a 20-year period.
Construction will be completed by mid-2025. The first project, Faethon, includes plans to construct two solar facilities, each with 252MW
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