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FARIA Renewables and HUAWEI join forces to drive energy storage innovation in Greece

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HUAWEI and FARIA Renewables are proud to announce a strategic partnership aimed at advancing the development and operation of BESS projects in Greece.

Press Release

Thessaloniki, 17^th January 2025

FARIA Renewables and HUAWEI join forces to drive energy storage innovation in Greece

HUAWEI and FARIA Renewables are proud to announce a strategic partnership aimed at advancing the development and operation of Battery Energy Storage System (BESS) projects in Greece. The collaboration was formalized with the signing of a Memorandum of Understanding (MoU), underscoring the shared commitment of both companies to accelerating the energy transition and driving sustainability in the renewable energy sector.

FARIA Renewables, a rapidly expanding Greek renewable energy Independent Power Producer (IPP), is committed to building a diversified portfolio of renewable energy projects, aiming to integrate a significant capacity of storage projects and innovative solutions. Energy storage is key to securing constant supply of renewable energy to power systems, providing solutions to achieve flexibility, enhance grid reliability and power quality, and accommodate the scale-up of renewable energy.

HUAWEI is a key player in supporting the global transition to renewable energy sources and is developing cutting-edge solutions for energy storage systems specifically designed for high-voltage grid applications. These solutions, not only offer increased resilience, flexibility, and efficiency, they also support the innovative Grid Forming technology, which will play an important role in the future development of power grids worldwide. HUAWEI will supply FARIA Renewables with innovative and reliable PV & BESS solutions while providing comprehensive technical support for the execution and operation of up to 1GWh projects in the following years.

The two companies recently signed a contract for FARIA Renewables' first BESS project in Greece. This is a pioneering project with a nominal power of 49.9MW and a storage capacity of 100MWh, which is expected to be put into operation within 2025. The project has succeeded in, based on its bid, the 2nd auction for standalone batteries, held by RAAEY. The project will be connected, operated, and will maintain this performance at the connection point with the Greek Electricity Transmission System for at least ten years of operation. The delivery of the equipment is expected in the summer of 2025, further highlighting HUAWEI's ability to production capacity, advanced logistics for short deliveries, and rapid response to customer requirements to provide customized solutions.

Faria Renewables strategic planning and goals for energy storage are fully aligned with the national goals and the company is committed to contributing effectively and promptly to those goals towards achieving the energy transition and the more effective penetration of RES projects into the grid.

HUAWEI’s technology, combined with FARIA Renewables' expertise and know-how, are setting new benchmarks for efficiency, sustainability, and innovation in the renewable energy sector

Ms Thalia Valkouma, President & CEO of FARIA Renewables, stated: "I am excited to announce our cooperation with HUAWEI, one of the world's leading companies in energy storage. We are confident that we will leverage the capabilities and experience of both companies, working together towards a sustainable future. We share the same values, we recognize energy storage as an important step for Greece’s clean energy transition and have the same vision and willingness to contribute to the effort for a greener society.”

Mr. Dimitris Kintsakis, CEO & Vice President of Faria Renewables, added: “FARIA Renewables, through this collaboration and the implementation of its first BESS project within 2025, integrates innovative applications and initiatives that form part of its strategic plan for a more sustainable and greener future. Our goal is for these initiatives, beyond contributing to the green transition, to also provide added value to the local community, as well as to the research and academic community, and to facilitate the dissemination of this progress, knowledge, and experience.”

Mr. Ren Fujun, CEO South-East Europe of Huawei, said: "We are really pleased to collaborate with FARIA Renewables on this innovative energy storage project. The signing of the memorandum of understanding between our companies confirms our commitment to developing sustainable energy solutions and creating added value for society and the environment."

Photo captions (from left to right side):

• FARIA Renewables-Huawei_01: Zisis Koutsogiannis - Key Account Solution Manager SEE of Huawei, Efthalia Valkouma - President & CEO of FARIA Renewables, An Yang - Director SEE of Huawei, Charles Yang - Senior Vice President of HUAWEI Technologies Co., Ltd. & President of Global Marketing, Sales and Services Huawei Digital Power

• FARIA Renewables-Huawei_02: An Yang - Director SEE of Huawei, Jimmy Zheng - Solution Manager SEE of Huawei, Paschalis Vlachos - Contracts Commerce & Fulfillment Manager (CCFM) SEE of Huawei, Yannis Lyssaridis - Business Development Manager SEE of Huawei, Zisis Koutsogiannis - Key Account Solution Manager SEE of Huawei, Efthalia Valkouma - President & CEO of FARIA Renewables, Dimitrios Kintsakis - Vice President & CEO of FARIA Renewables, Roza Marinou - Legal Counsel of FARIA Renewables, Agisilaos Mantziaris - Head of Construction & Electrical and Energy Storage Manager of FARIA Renewables, Vaseilios Iosifidis - Electrical & Energy Storage Manager of FARIA Renewables

About FARIA Renewables:

FARIA Renewables -a joint venture between FARIA Group and Capenergie 5, Omnes’ fifth-generation renewable energy fund - has established itself in a short period of time as a major player in the Renewable Energy sector in Greece, developing a portfolio of over 3,500 MW across the country, which includes RES projects at various stages of maturity. The company is implementing a dynamic growth strategy, expanding its project portfolio and exploring opportunities to enter new markets. Its goal is to become a leading Independent Power Producer (IPP) in Greece and Europe. With expertise in photovoltaics, offshore and onshore wind projects, hybrid systems, energy storage and green hydrogen, FARIA Renewables is committed to creating innovative energy solutions that contribute substantially to the energy transition, combining corporate growth with the balanced development of the environment and local communities.

For more information, visit Faria Renewables online at https://fariarenewables.com and on LinkedIn.

About Huawei Digital Power Technologies Co. Ltd:

Huawei Digital Power Technologies Co. Ltd. (abbreviated as Huawei Digital Power) is a leading global provider of digital power products and solutions. We are committed to integrating digital and power electronics technologies, developing clean power, and enabling energy digitalization to drive energy revolution for a better, greener future. In the clean power generation sector, we help create new power systems that primarily rely on renewable energy. In the mobility electrification sector, we enhance the consumer driving and charging experience in electric vehicles (EVs), accelerating green traveling. In the green ICT power infrastructure sector, we help build green, low-carbon, and intelligent data centers and communications networks. Huawei Digital Power continues innovating through open collaboration with global partners to promote carbon neutrality.

Huawei Digital Power serves more than three billion people in more than 170 countries and regions.

For more information, visit Huawei Digital Power online at https://digitalpower.huawei.com/gr/ or follow us on social media:

Contact

Marianthi Giarmantzidou

press(@)fariarenewables.com,   +30 2314 437715

Nena Polychronidou 

nena.polychronidou(@)fariarenewables.com,  +30 2314 437715