Slovenia’s electricity market operator Borzen has closed applications to its non-repayable grant program for battery energy storage systems (BESS) early after attracting huge interest.
The funding call, first announced in June, opened to legal entities including commercial and industrial developers and municipalities on August 4.
Applications were set to be open until October 31, or until funds were exhausted. Borzen closed the call after receiving applications amounting to over twice the €10 million (USD 11.5 million) available, including 278 applications within the first three days of the call.
Borzen stopped accepting applications on August 8. It said all applications received by that point will be processed in accordance with the provisions of the public call.
The scheme can provide support covering up to 45% of eligible investment costs, capped at €225/kWh. Eligible costs include purchase and installation of the storage system and hybrid inverter, associated electrical installation and equipment, as well as the civil works required for installation.
Further financial support for battery deployment in Slovenia is expected over the coming years after the European Commission signed off on a €59 million funding program to support 370 MWh of new BESS capacity in the country earlier this month. The funding, to be financed by the Just Transition Fund and the ETS Modernization Fund, is expected to be disbursed by the end of the decade.
In May, the European Bank for Reconstruction and Development agreed to provide Slovenian developer NGEN Energetske Rešitve with a €70 million loan to support five BESS projects in Latvia, Poland, Romania and Slovenia.
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