MORE Energy, the renewable energy arm of Greece’s Motor Oil Group,
MORE Energy, the renewable energy arm of Greece’s Motor Oil Group, says government delays in finalizing the regulatory framework for energy storage are preventing newly completed battery projects from entering operation.
According to information reported by OT.gr, MORE Energy has sent a formal letter to the leadership of the Ministry of Environment and Energy, as well as to key energy regulators and institutions, warning of the risks stemming from delays in the operational integration of energy storage facilities into the power system and electricity markets. The company says that because the regulatory and technical framework remains unfinished, the projects cannot operate, putting major investments at risk and depriving consumers of lower electricity prices and a more stable power supply.
Battery projects built but standing idle
MORE Energy announced earlier in January that it had completed the construction of three large-scale, standalone energy storage systems in Greece in a record five months. The three facilities, located in Phocis, Florina, and Boeotia, have a total combined power capacity of 72 MW and an energy capacity of 144 MWh.
Despite being technically ready, the facilities are not yet operational. The company argues this is because Greece has not finalized the regulatory
Content Original Link:
Read Full article form Original Source OIKONOMIKOS TAXYDROMOS
" target="_blank">Read Full article form Original Source OIKONOMIKOS TAXYDROMOS
