The Greek government has decided to slash by 50% the available subsidies for the country’s second tender for battery energy storage system (BESS) projects, Energypress reported on Friday.

As much as EUR 100,000 (USD 105,417) per MW will be available for projects in the upcoming competition, against the EUR 200,000 per MW in the inaugural tender. Sources in the know have said that a ministerial decision with the revision has still not been signed.

The date for the second auction and bidding deadline are expected to be set by the country’s Regulatory Authority for Waste, Energy and Water (RAAEY). The tender, according to previous media reports, will seek to allocate 300 MW.

Greece completed its maiden standalone BESS tender in July, awarding 411.8 MW of projects. Investment and operating aid was granted to 12 projects put forward by seven proponents. Offers in the round were capped at EUR 115,000 per MW per year, with the placed bids ranging between EUR 33,948 per MW and EUR 64,122 per MW.

Through three tenders, Greece has committed to providing subsidies for 1,000 MW of energy storage capacity. Funds will be drawn from a EUR-341-million package partly financed from Greece’s Recovery and Resilience Facility.