Financing Details of the 330 MW Storage Project
METLEN and Karatzis Group have completed financing for a 330 MW/790 MWh battery energy-storage system (BESS) in Larissa, Thessaly, Greece. The project represents an investment of approximately €170 million, supported by debt financing from Greece’s Recovery and Resilience Facility under NextGenerationEU.
Project Ownership and Scope of the 330 MW Storage Project
The ownership of the project is divided with Karatzis Group holding 51% and METLEN holding 49%. This facility is described as Greece’s largest standalone battery-storage installation and among the largest in Europe.
Execution and Strategic Importance of the 330 MW Storage Project
METLEN is responsible for the construction, operation, and maintenance of the facility. The project is intended to improve grid flexibility and energy security while supporting greater integration of renewable generation.
Future Plans for the 330 MW Storage Project
The partnership reportedly holds permits for an additional 300 MW of storage capacity through ten 10 MW batteries in Crete, alongside the 330 MW Larissa project.
Conclusion on the 330 MW Storage Project
The completion of financing for this significant energy-storage initiative underscores efforts to enhance energy infrastructure in Greece.
Sources for the 330 MW Storage Project
- Metlen and Karatzis finalize energy-storage project
- METLEN and Karatzis Group inaugurate BESS in Larissa
- Energy sector expansion in Thessaly
- Largest battery-storage facility launched in Greece
