Greece’s PPC boosts pumped storage hydropower project pipeline to 1.6 GW
PPC obtained an electricity storage permit for a pumped storage hydropower project at an open-cast lignite mine in Kozani in northern Greece
First guarantees of origin auction in Greece attracts 14 participants
The first guarantees of origin (GO) auction took place today in Greece with the participation of 14 companies
Premier Energy, Motor Oil launch joint venture for hybrid power plants in Romania
Premier Energy established a firm in Romania with Greece-based Motor Oil that bought two PV projects of 86 MW in total, with storage
Masdar to take over Terna Energy in deal worth EUR 3.2 billion
Masdar is expanding in Greece and Europe by buying Terna Energy for EUR 2.4 billion, translating to an enterprise value of EUR 3.2 billion
Lignite power plants are pushed out of market in Balkans
PPC's brand new Ptolemaida 5 lignite plant was effectively pushed out of the market in May as uncompetitive
Greek renewables breach record, leading to historic emissions low
Renewables surpassed fossil fuels in Greece's power production for the first time, reducing emissions to the lowest level so far
Share of coal power in Greece tumbles to zero
Greece went seven days without coal power in the system as natural gas plants and renewables were far more competitive
Greece earmarks EUR 50 million for small business transition in lignite regions
Western Macedonia and Megalopolis are the two traditional lignite regions of Greece. They are greening the local economy.