Terna Energy sells Mountain Air wind farm in US
Greece’s Terna Energy has sold the 138 MW Mountain Air wind farm in Idaho in the United States to Innergex Renewable Energy Inc. for USD 215 million. According to the Greek energy company, the operating profit of the project amounted to USD 17.6 million in 2019. The sale is expected to generate a profit of […]
Greece’s PPC Renewables inks first deal for solar power plants at coal pits
The future 230 MW photovoltaic complex in Greece’s northern lignite mining area is divided into three parts and PPC Renewables is yet to select a contractor for the largest unit – 200 MW. Metka EGN just signed its deal for a 15 MW solar park and Terna Energy is selected to build and operate the […]
EUR 400 million loan for Attica-Crete interconnection secured
The financing framework for the undersea electricity link between the Greek mainland and its largest island has been completed. The country’s TSO Admie secured a credit line of as much as EUR 400 million from Eurobank for the Ariadne Interconnection between Crete and the Attica peninsula. Greece’s Independent Power Transmission Operator, also known as IPTO […]
Solar, wind units of 947.8 MW apply for power purchase auction in Greece
The segment for wind power systems of up to 50 MW in the upcoming auction in Greece came in well oversubscribed and contracts for the entire 481.5 MW package are on the way to be awarded. On the other hand, developers of solar power plants with only 199.4 MW in total applied for the 482 […]
Greece asks EU to approve state aid for 680 MW pumped storage project
GEK Terna is building two pumped storage hydropower plants and artificial lakes in Amfilochia in western Greece that will use an existing lower reservoir. The government filed its support scheme with the European Union’s competition authorities for clearance. The Ministry of the Environment and Energy of Greece has submitted a request to the European Commission […]
Greece introduces subsidies for electric vehicles of EUR 100 million
The Greek government has secured EUR 100 million for subsidies for the purchase of electric vehicles (EVs). The funds are planed for a period of 18 months. This is the first phase in the government’s program to enable faster uptake of EVs. The goal is to have one in three new vehicles powered by electricity […]
Greece presents mobile recycling kiosk powered by solar panels
Envipco and Texan, which started the production of public devices for returning plastic, glass and metal packaging in Greece, launched their portable automated machine that runs exclusively on a photovoltaic system. The government in Athens is promoting public–private partnerships and it is about to detail an EU-funded program for local authorities worth EUR 2.5 billion. […]
PPC begins voluntary layoffs at coal mines with program for 890 workers
The state-owned company PPC managing lignite open pits and thermal power plants in Greece launched the first round of the voluntary layoffs for employees in the fossil fuel business. Workers aged 55 and higher who apply are entitled to compensation of EUR 35,000 each. Minister Kostis Hatzidakis says PPC may let go up to 5,500 […]