INDIANA AES GETS APPROVAL FOR 800MWH BESS AT ITS
Greek energy storage project approval requirements
It sets out eligibility criteria, priority rules, capacity caps, ownership concentration limits and financial assurance requirements. In this article, we provide a summary of the key points of the Ministerial Decision. Classification and capacity caps for eligible BESS projects [pdf]FAQS about Greek energy storage project approval requirements
Should Greece invest in energy storage facilities?
Currently there is a growing interest for investments in storage facilities in Greece. Licensed projects mostly consist of Li-ion battery energy storage systems (BESS), either stand-alone or integrated in PVs, as well as PHS facilities .
What is the legislative framework governing the electricity market in Greece?
The legislative framework governing (in general) the operation of the electricity market and the energy sector in Greece is set by Law 4001/2011.
How long should energy storage be in a Greek power system?
Considering the energy arbitrage and flexibility needs of the Greek power system, a mix of short (~2 MWh/MW) and longer (>6 MWh/MW) duration storages has been identified as optimal. In the short run, storage is primarily needed for balancing services and to a smaller degree for limited energy arbitrage.
Who is eligible to participate in the first energy storage auction?
To be eligible to participate in the first auction, projects must hold a valid Energy Storage Licence while a set of other eligibility criteria (including soundness of the technology used and minimum power injection capacity) must be met.
Why is Greece focusing on energy storage?
Greece has been actively focusing on energy storage since the emergence of the RES “boom” in 2020. The country recognised the pivotal role of energy storage in the energy transition and emphasised its importance in the first iteration of the country’s National Energy and Climate Plan in 2019.
Is there a regulatory framework for PPAs in Greece?
However, the fact that there is not a comprehensive regulatory framework for PPAs, coupled with the heavy reliance on subsidies, has not created fruitful conditions for the development of the Greek PPA market.
Namibia Power Generation and Communication BESS Power Station
The Erongo Battery Energy Storage System, also Erongo BESS, is a planned 58 MW (78,000 hp) battery energy storage system installation in . The BESS, the first of its kind in the country and in the region, will be capable of providing 72MWh of clean energy to the Namibian grid. [pdf]FAQS about Namibia Power Generation and Communication BESS Power Station
How much will NamPower contribute to the Bess project?
NamPower will contribute approx. 100 million NAD to ensure the total project cost of around 500 m NAD are fully covered. The BESS plant will assist in peak shifting, energy arbitrage, provision of emergency energy, ramp-rate and reactive power control amongst others.
Will Namibia's electricity grid be stabilized?
The Managing Director of NamPower, Mr Kahenge Simson Haulofu, further said that the electricity grid in Namibia will be stabilized as short and medium-term power fluctuations from RE generation can be load-followed by the storage system.
What is the Bess and how will it work?
The BESS is expected to store "locally generated renewable power as well as electricity imported from the Southern African Power Pool (SAPP)". The electricity will be stored at off-peak times, when it is cheaper. The stored energy can then be discharged "during peak times".
Who won the Bess project?
German development bank KfW, the NPC and NamPower congratulate the EPC contract winning partners, Mr. Benny Jin, Shelmon Chu and Qiao Weijian on the construction of the BESS project worth 500m NAD, which will contribute towards climate change by strengthening the expansion of Renewable Energies in Namibia.
When will NamPower EPC plant be operational?
After an elaborate tendering and evaluation process, NamPower signed the EPC contract with Shandong Electrical, Engineering & Equipment Group Co., Ltd and Zhejiang Narada Power Source Co., Ltd JV on 13 December 2023. Construction work is planned for 18 months and the plant is expected to be operational by mid 2025.
