Greece
Greece to change its power market model to reduce prices
19 August 2024 - The Greek government intends to facilitate a decrease in wholesale power prices with a new market model
Dozens of pumped storage hydropower projects underway in Greece
16 August 2024 - The pileup of wind and solar power projects in Greece bolstered the interest in investments in pumped hydropower storage facilities
Greece’s second LNG terminal coming online on October 1
14 August 2024 - After a half-year delay, the Alexandroupolis LNG terminal is set to be commissioned on October 1, Bulgarian Minister Vladimir Malinov said
Revised Greek NECP halves initial expenditure sum, keeps focus on renewables
09 August 2024 - Greece aims at a less costly and more realistic energy transition through its revised National Energy and Climate Plan (NECP)
Greece’s PPC doubles portfolio in Romania with acquisition
06 August 2024 - PPC is taking over an operational renewables and battery portfolio of 629 MW in Romania from funds run by Macquarie Asset Management
Greece pushes its coal exit target date forward to 2026
30 July 2024 - Greece's Public Power Corporation (PPC) has introduced a new schedule for the phaseout of its lignite-fired power plants
Greece’s PPC Renewables begins construction of 140 MW wind farm in Romania
30 July 2024 - PPC Renewables started building a 140 MW wind power plant in Romania's east. It said it would complete the facility at the end of next year.
Greece needs 7 GW of energy storage by 2030 to avoid high curtailments
27 July 2024 - Up to 20% of renewables capacity is expected to face curtailments by 2030 in Greece if no new investments are made in energy storage
Greece’s DEPA Commercial obtains financing for 816 MW solar power portfolio
26 July 2024 - State-controlled DEPA Commercial received a EUR 390 million loan from the EIB for photovoltaic projects across Greece
Faria Renewables acquires 35 MW Mykonos solar project
26 July 2024 - Faria Renewables S.A. has announced the integration of photovoltaic project Mykonos into its asset portfolio
Ameresco Sunel Energy starts building 560 MW solar power plant in Greece for Lightsource bp
26 July 2024 - Ameresco Sunel Energy is the contractor in Lightsource bp's solar power project of 560 MW in peak capacity, in the central part of 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