Renewables

Greece gets EU nod for state aid for Amfilochia plant, renewables in islands

Greece EU state aid Amfilochia plant renewables islands

Photo: _Alicja_ from Pixabay

Published

December 21, 2021

Country

Comments

comments icon

0

Share

Published:

December 21, 2021

Country:

Comments:

comments icon

0

Share

Greece will support Terna Energy with EUR 250 million in the construction of the Amfilochia pumped storage hydropower plant, while the government earmarked EUR 1.4 billion for the development of renewable electricity in non-interconnected islands.

The European Commission has approved, under the European Union’s state aid rules, Greece’s plan to provide Terna Energy with a grant and annual support for its Amfilochia pumped hydropower plant project and to pay a total of EUR 1.4 billion in sliding feed-in premiums for wind and solar power facilities with energy storage in non-interconnected islands.

Amfilochia pumped storage plant has PCI status

The measure for Amfilochia, located in the country’s west, will be partly funded from the National Recovery and Resilience Plan Greece 2.0, which recently received a green light from the EU. The unit will have a capacity of 680 MW in turbine mode and 730 MW for pumping. It is one of the EU’s projects of common interest (PCI).

The aid will take the form of a €250 million investment grant and annual support – financed from a levy on electricity suppliers – to complement market revenues, in order to reach an acceptable rate of return on the investment. Greece submitted the request last year.

Hybrid power plants for isolated islands

The government in Athens got approval for the promotion of renewable electricity in the 29 autonomous non-interconnected island electricity systems in Greece, which actually cover 47 islands. The EUR 1.4 billion scheme supports the production of electricity from hybrid power stations, which both generate and store solar and wind-based electricity.

Around 80% of electricity in the Greek islands is currently produced with diesel and oil. Due to saturated grids there, adding storage facilities to renewable electricity generation units is necessary to increase the share of renewable energy sources, the commissioners pointed out.

The islands, including Crete, will be covered by the scheme until their connection to mainland Greece. The government aims to support 264 MW of new renewable electricity capacity through 2026.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

Montenegro NECP public consultation sole coal plant shutdown 2041

Montenegro publishes NECP for public consultation – sole coal plant planned for shutdown in 2041

30 June 2025 - The retirement of the Pljevlja coal plant is planned for 2041, but it depends on a just transition and supply security, the draft NECP reads

LONGi ignites Romania energy transition 54 1 MW BC

LONGi ignites Romania’s energy transition with 54.1 MW BC technology triumph

30 June 2025 - A PV plant in Romania's northwest is on schedule for a grid connection in the fourth quarter. It features LONGi Solar's BC modules.

Fortis Energy Albania 62 MW solar power

Fortis Energy gets green light in Albania for 62 MW solar power project

27 June 2025 - Fortis Energy received approval from the Albanian government for the construction of a 62 MW solar power plant in the country's southeast

Hidroelectrica construction pilot floating photovoltaic plant

Hidroelectrica to begin construction of its pilot floating photovoltaic plant

27 June 2025 - Romanian state-owned hydropower plant operator Hidroelectrica picked the contractor for a 10 MW floating solar power plant, its first