In Greece, FRV acquires a BESS project

In Greece, Fotowatio Renewable Ventures (FRV) announces the acquisition of a majority stake in a BESS project.

Share:

In Greece, Fotowatio Renewable Ventures (FRV) announces the acquisition of a majority stake in a BESS project.

A national project

In Greece, Fotowatio Renewable Ventures, part of Abdul Latif Jameel Energy, acquires a 600MW BESS. Indeed, the portfolio is divided into several facilities under development by the Greek company Wootis. In addition, it is the largest battery energy storage system under development in the country.

The project in question is divided into several sites throughout Greece. All sites are expected to become operational between the last quarter of 2023 and the second quarter of 2024. In addition, Fotowatio Renewable Ventures and Wootis also agree to collaborate on new developments in the country.

An integrated service

Andréa Fontana, Managing Director of Fotowatio Renewable Ventures Europe delcare:

“FRV’s arrival in Greece with Wootis is a good example of the company’s international expansion plans, which to date has built more than 50 renewable energy generation plants in countries such as Spain, Australia, Mexico, Uruguay, Chile, Italy, India, the United States, the United Kingdom and Jordan, and is preparing new projects to be launched soon in other markets.”

Wootis SA specializes in asset management, offering integrated services for the operation of renewable energy plants. In addition, the company also provides maintenance and operation (O&M) services to wind and photovoltaic plants.

Abdul Latif Jameel Energy, on the other hand, is committed to ensuring a more sustainable energy model around the world. According to the company, Greece has shown remarkable commitment. Indeed, Athens aims to double the country’s renewable energy capacity by 2030.

  • Populaires ​
China and the United States improve their energy performance in an unstable global context
Renewable energy: access improving, but financing still insufficient for Africa
Enbridge Gas Ohio challenges tariff ruling cutting its revenues by $30mn
Natural hydrogen: France on the verge of redefining its national and European energy strategy
Iberdrola increases supplementary dividend by 16.5% to €0.409 per share
Atmos Renewables finances major energy storage project in Australia
Atmos Renewables has completed financing for a 100 MW battery energy storage system in Western Australia, marking the company's first asset of this type in the region and strengthening its presence in the Australian energy market.
Eos Energy secures additional $22.7mn to strengthen US production capacity
Eos Energy Enterprises has received an additional $22.7mn from the US Department of Energy to complete the first phase of its battery manufacturing project in the United States, bringing total funding to $90.9mn.
Global investments of $1.2 trillion needed for energy storage by 2034
A Wood Mackenzie report estimates required battery investments at $1.2 trillion to integrate an additional 5,900 GW of renewable energy, highlighting battery storage systems' key role in stabilising electrical grids.
HyperStrong and Repono launch 1.4 GWh of energy storage in Europe by 2027
Chinese company HyperStrong and Swedish firm Repono AB announce a strategic agreement to jointly implement large-scale energy storage projects totalling 1.4 GWh in Europe by the end of 2027.
Globeleq closes $300 million financing for landmark project
Globeleq and African Rainbow Energy finalise financing for Africa's largest standalone battery energy storage project, raising ZAR 5.4 billion ($300 million) from Absa and Standard Bank in South Africa.
Matrix Renewables signs 22 MW energy storage contract in California
Matrix Renewables and Pioneer Community Energy have signed an energy capacity contract for a 22 MW battery storage project in Kern County, operational from early 2026.
Ignitis begins construction of three energy storage parks in Lithuania
The Ignitis Group is starting the construction of three battery energy storage systems in Lithuania, with a combined capacity of 291 MW and a total investment of €130mn.
Alinta Energy launches construction of the first Reeves Plains Energy Hub battery in Australia
Alinta Energy has appointed GenusPlus Group to build the first phase of the Reeves Plains Energy Hub Battery, a high-capacity storage facility designed to support grid stability in South Australia.
The Indonesian-Chinese lithium-ion battery plant will open with 6.9 GWh in 2026
A partnership between Indonesia Battery and Contemporary Amperex Technology aims to launch a lithium-ion battery plant in Indonesia by the end of 2026, with a 6.9 gigawatt-hour capacity and planned expansion.
State Grid completes energy storage compartment at Tongli substation in Wuzhong
State Grid Wuzhong Power Supply Company announces the completion of the energy storage compartment at Tongli substation, a key step for the upcoming integration of a 300 MW shared storage power plant in Ningxia.
Globeleq launches South Africa’s largest energy storage facility
Globeleq and African Rainbow Energy finalise commercial agreements for a 153 MW energy storage project in South Africa, aimed at enhancing national grid stability and optimising peak energy management.
Global microgrid market to reach 191 billion dollars by 2033
Estimated at 40.9 billion dollars in 2024, the global microgrid market is expected to grow at an average annual rate of 19.28% to reach 191.01 billion dollars by 2033, driven notably by innovative energy contracts.
Energy storage: Historic growth in the United States despite regulatory uncertainty
The U.S. energy storage market set a historic record in early 2025, surpassing 2 GW installed in the first quarter despite increasing uncertainty regarding federal fiscal policies and tax credits.
Morocco: COBCO Starts Production of Materials for Electric Vehicle Batteries
The Sino-Moroccan joint venture COBCO has begun manufacturing essential lithium-ion battery components at its Jorf Lasfar plant, targeting a final annual capacity of 70 GWh, enough to equip one million electric vehicles.
Trianel deploys 900 MW battery to bolster German grid flexibility
Trianel teams with BKW and Luxcara to build a 900 MW lithium-iron-phosphate storage park in Waltrop, the first phase of a complex that could reach 1.5 GW and stabilise the German grid.
Blue Whale Energy installs 8 MWh of sodium-ion batteries on Southeast Asian urban rooftops
Blue Whale Energy partners with UNIGRID to deploy behind-the-meter storage systems adapted to constrained commercial and industrial urban areas in Southeast Asia.
Foreign Investor Submits Offer for Northvolt Following Bankruptcy
Northvolt, recently placed under judicial administration, has received an indicative offer from a foreign investor to acquire its Swedish assets, signaling a potential imminent restart of its battery production units.
Jinko ESS and Metlen sign 3GWh battery storage deal for Chile, Europe
The frame agreement aligns Jinko ESS’s utility-scale storage technology with Metlen’s development pipeline, unlocking more than 3GWh across Chile and Europe while reducing delivery risk for grid operators.
Viridi secures UL 9540 certification after public fire test
Buffalo-based Viridi has obtained the cETLus mark for its RPS150 system, meeting the UL 9540 standard only days after a public battery fire-containment demonstration.
Tesla Signs $560 Million Contract for Electricity Storage in China
Tesla is building a giant electricity storage facility in Shanghai, China, signing a $560 million contract to meet growing demands on the urban electricity grid.

LEGAL

FOSSILS

POLICY

RENEWABLE

PLUS

© XMARKET PUBLISHING

Welcome

Your subscription

Included in this subscription:

COMMUNICATE ON ENERGYNEWS