EU clears Greek aid for 813 MW of PV with storage

The European Commission has approved €1 billion ($1. 08 billion) of Greek measures under EU state-aid rules to support two utility-scale solar projects with lithium-ion batteries and molten-salt thermal storage. The funds will take the form of a contract for difference (CfD) over a period of 20 years. The European Commission has approved the provision of €1 billion in Greek state aid to support the construction of solar projects with a cumulative capacity of 813 MW, coupled with different type of energy storage systems. The funds will be divided between two projects. The Faethon Project entails ...

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