Greece
Greece lowers 2030 renewable penetration goal in its final NECP
19 July 2024 - Greece's final National Energy and Climate Plan (NECP) is expected to be submitted to the European Commission in the following days or weeks
Renewable energy spatial plan delayed again in Greece
19 July 2024 - It has now been ten years since the European Commission first asked Greece to modernize its renewable energy spatial plan
Greek consumers must return subsidies that covered renewable energy surcharge
16 July 2024 - Greek commercial consumers, mostly in the agricultural sector, must pay large sums to the state as they were ordered to return subsidies
Heat pumps, electric cars expected to contribute little to power demand growth in Greece
10 July 2024 - Contrary to earlier estimates, heat pumps and electric cars are not expected to significantly raise electricity demand in Greece.
Small Greek investors in renewables face cancellations of projects on distribution level
09 July 2024 - HEDNO stopped accepting applications for renewables in 2022 as the distribution network's couldn't integrate any more capacity
Greece plans to end subsidies for battery energy storage systems
04 July 2024 - Given the curtailments for renewables in Greece, batteries can operate in the market without subsidies, Minister Thodoros Skylakakis said
Akuo invites EU citizens to invest in its solar power project in Greece
03 July 2024 - Citizens and firms can buy four-year green bonds for refinancing Akuo Energy's solar park in Thessaly. The fixed interest rate is 6.5%.
Greece’s PPC boosts pumped storage hydropower project pipeline to 1.6 GW
01 July 2024 - 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
26 June 2024 - 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
24 June 2024 - 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
20 June 2024 - 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
30 May 2024 - 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
29 May 2024 - 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
20 May 2024 - 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
15 May 2024 - Western Macedonia and Megalopolis are the two traditional lignite regions of Greece. They are greening the local economy.
Greece schedules first auction for guarantees of origin
06 May 2024 - The Greek renewable market operator, DAPEEP, said the country's first auction for guarantees of origin would take place on June 26