Greece wants to use EU recovery funds for green power infrastructure
The government in Athens is preparing the national plan for funds from the Next Generation EU investment package, which the European Commission launched as a response to the damage from COVID-19. The local media learned Greece may lean on manufacturing cables, pylons and other elements for green energy facilities together with power links and other […]
Greek fossil fuel companies expanding their renewables portfolios
Hellenic Petroleum asked the EBRD for a EUR 75 million loan for a solar power project of 204 MW and its domestic competitor Motor Oil bought a 40 MW wind power plant. Major Greek firms are turning to renewables as energy transition gains traction. The drop in costs for the equipment for green energy production […]
Electricity supplier switching in Greece nearly doubles in 2019
Electricity supplier switching in Greece in 2019 jumped 89% against 2018, reflecting growing consumer confidence in independent suppliers and the effectiveness of discounts and other offers designed to attract customers. Slightly over 576,000 consumers, or 8.5% of the total number, switched their supplier last year, compared with 4.51% in 2018, according to Greek energy news […]
TENDERING: PPC Renewables looking for contractor to install two solar power plants
PPC Renewables, the renewable energy arm of the Public Power Corporation (PPC), has announced tenders for the construction of two solar power plants in the municipality of Megalopolis in southern Greece, with a total installed capacity of 50 MW. The company now has only 1 MW of installed capacity in 28 photovoltaic installations, while the […]
Greece earmarks EUR 850 million for energy efficiency, prosumers
The Greek government has prepared an EUR 850 million program for energy efficiency in the private buildings sector, including incentives for the use of renewable energy for self-consumption and the introduction of solutions for smart homes. The idea is to introduce energy saving measures in 60,000 households per year until 2030, local media reported. The […]
PPC, EPCG get EUR 210 million in loans to absorb coronavirus challenges
State-owned power utilities from Greece and Montenegro – Public Power Corporation (PPC) and Elektroprivreda Crne Gore (EPCG), have secured loans in the amount of EUR 210 million to absorb the challenges presented by the coronavirus pandemic. The loans, approved by the European Bank for Reconstruction and Development (EBRD), will enable the companies to continue to […]
Greece awards nearly all wind, solar capacity at auction as prices drop
Households and companies in Greece may see a decline in electricity tariffs after the latest auction of solar and wind capacity. Regulators accepted offers from power plant operators for a total of 141.9 MW and 471.8 MW, respectively, and the bidding brought lower power prices. The Regulatory Authority for Energy – RAE said this year’s […]
Hundreds of Greek families jointly building solar power plants of 100 MW
Agricultural cooperative Agrinio Union said works are underway on a group of photovoltaic facilities developed by the local energy community it established. Five hundred Greek families are jointly building solar power plants of 100 MW in total and the model has been incorporated in the national legal framework for future investments in the country. A […]