Battery energy storage systems (BESS) are now considered essential for Greece to achieve its energy transition and net-zero goals, as they provide the necessary flexibility to utilize renewable energy and enhance the secure operation of the electricity system. For this reason, a series of legislative and regulatory initiatives have been introduced in recent years to facilitate the integration of BESS into the Greek electrical system. Recently, competitive auctions for state aid supporting the development and operation of BESS have been carried out with significant success.
At the same time, there is strong and growing investment interest in the development of either standalone BESS or BESS integrated into renewable energy systems (RES). However, the distinct technical and operational complexity of BESS, as well as their ability to participate across all electricity markets, make designing business models a relatively complex and demanding exercise. Additionally, the constantly evolving regulatory environment and uncertainty in electricity market prices increase investment risk, and, thus, make access to bank financing more challenging.
Within this complex and diverse energy environment, having the support of skilled advisors who have a deep understanding of the particularities of the Greek market and continuously monitor its developments is crucial. Grant Thornton's energy team is currently the best choice for you. Our experienced team will support you at every step of your new investment venture and ensure the best possible outcome.
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