All the bids submitted by RAAE were accepted HELLENiQ Renewablesa subsidiary of HELLENiQ ENERGY, in the first competition held in our country for the granting of Investment and Operating Aid to Electric Energy Storage Stations (EES).
The Waste, Energy and Water Regulatory Authority positively evaluated and included in the list of eligible projects all three (3) Stations, with a total power of 100 MW and a guaranteed (useful) capacity of 200 MWh of energy, with which HELLENiQ Renewables participated in the 1st Competitive Bid Submission Procedure (RAAEF Notice 1/2023).
The HELLENiQ Renewables Storage Stations have been licensed for positions within the Thessaloniki Industrial Facilities of HELLENiQ ENERGY. The largest is rated at 50 MW and the other two at 25 MW. They will be implemented using existing infrastructure (road networks, fencing, security systems/facilities, etc.), while 150 kV high voltage transmission lines pass through the area.
The Stations were evaluated by the ERAEF as eligible to receive the investment aid of €200,000 per MW and the operational aid, as it is formed by the final approved offers. SAHE is expected to be actively active in all the individual components of the Greek wholesale electricity market, from which they will derive their revenues. Storage permits are valid for 25 years.
HELLENiQ ENERGY’s strategy focuses on the development of a balanced portfolio, between the Group’s core activities and development in the New Energy sector, taking advantage of the opportunities offered by the energy transition. Its subsidiary, HELLENiQ Renewables, has become the country’s fastest growing company in new RES projects, with an installed capacity of 356 MW and a total project portfolio of 4 GW in Greece and abroad, in various stages of development.
The successful participation of HELLENiQ Renewables in the ERA competition marks its entry into the field of electricity storage, an activity complementary to Renewable Energy Sources and necessary to achieve a high penetration of RES in the production mix. In this context, the company develops Electric Energy Storage Stations (ESPS) with a total nominal power of more than 800 MW, throughout the Greek territory.
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