KLC has advised the National Bank of Greece on the project financing of Greece’s inaugural battery energy storage project sponsored by Elsewedy Electric SAE.
According to KLC, the 50-megawatt/100-megawatt-hour battery storage system was successful in the country’s first standalone BESS tender and will receive both operating and investment aid. The total financing of EUR 41 million involves an NBG facility, co-financing under the Recovery and Resilience Facility, and investment aid through the RRF. The power generated shall be purchased through a ten-year operating agreement with DAPEEP.
KLC did not respond to our inquiry on the matter.
