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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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View moreGreece 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.
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.
Terna Energy is building its Amfilochia pumped storage hydropower plant. According to the schedule, it will come online in early 2026. Masdar is taking over the Greek company. Applications for 43 energy storage projects were submitted in the June round to RAAEW, for a combined 2.5 GW. Two are for pumped storage hydropower.
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