The pileup of proposals for wind and solar power plants in Greece bolstered the interest in investments in pumped hydropower storage facilities to balance the output from the two intermittent sources. Government-controlled PPC is dominating the map.
Out of 1.87 GW in operating power, the five pumped storage project account for 1.21 GW. Their overall guaranteed capacity came in at a 9.6 GWh. A firm called ZSV Wind Force obtained in July an energy storage license for a project of 290 MW, or 270 MW in pumping mode. It would also be located in the Grevena regional unit.
Greece is already preparing its third battery energy storage tender, making it one of the most advanced markets in Europe, but acceleration is also evident in the pumped storage hydropower segment. Wind and solar power plants are being built in such quantities that neither demand nor the grid can keep up.
Increasing electricity demand juxtaposed with an excessive dependence on intermittent energy sources, lacking sufficient storage capabilities. ADMIE. (2022). Monthly energy report December 2022. ― Bruegel. ― (2022). An assessment of Europe’s options for addressing the crisis in energy markets.
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The pileup of wind and solar power projects in Greece bolstered the interest in investments in pumped hydropower storage facilities.
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