Investors eyeing potential for floating solar, hybrid plants in Greece
German SINN Power is about to showcase the prototype of a floating solar power plant and its hybrid system utilizing wind and wave energy in Crete, while another German company, BayWa, is said to be looking at possible projects for the technology in Greece. Company BayWa AG is examining the Greek market for opportunities in […]
Terna: EUR 11 billion in green energy projects to boost Greece’s recovery
The Greek economy may get an enormous push with EUR 11 billion investments in renewable energy and electricity storage projects in the post-coronavirus era. According to Terna Energy’s Chairman Giorgos Peristeris, fully licensed investments in renewables with a total capacity of 2,400 MW are ready, while an additional 5,800 MW of renewable energy projects obtained […]
PPC Renewables may partner with Motor Oil, Helector in green energy
Greece’s national electricity producer PPC is leaning on its green energy firm for the transition away from conventional and dirty technology. PPC Renewables is developing geothermal, wind and solar projects and establishing ventures, where domestic companies Motor Oil Hellas and Helector emerged as next likely partners. Government-controlled Public Power Corp. SA or PPC is discussing […]
Greece gets cheapest solar, wind power so far
Regulators in Greece accepted the offer by an affiliate of PPC Renewables to sell electricity from a planned 200 MW solar power plant. The price achieved at the auction, EUR 49.11 per MWh, is the lowest ever in the country for photovoltaics. The Ministry of Environment and Energy of Greece has said the level of […]
EU court fines Greece over pollution of water with agricultural nitrates
The Balkan state was supposed to undertake measures of protection from harmful fertilizers by December 2017. The Court of Justice of the European Union said Greece must pay a lump sum of EUR 3.5 million as it was late in tackling the pollution of surface water and groundwater with nitrates. Following a culmination in the […]
Regulators plan to auction 200 MW in solar, wind projects in Crete
RAE didn’t reveal the size of the chunks or a timeline. It intends to conduct the operation according to the Dutch model – the power purchase price for the solar and wind endeavors in Crete would be lowered until an investor accepts the offer. Thanks to the upcoming interconnections with the mainland, regulators are preparing […]
EU wind power growth must double to match Green Deal terms: report
Turkey was first in the region last year in new and cumulative capacity, the size of successful tenders and new asset financing. EU saw the share of wind power as primary source jump to 15% in 2019. Data obtained by WindEurope showed the installed wind power capacity in the continent reached 205 GW last year, […]
VW to test autonomous, electric cars in Thasos as it mulls investment
Volkswagen is working on a study in cooperation with the government in Athens. The first update is expected by April. VW could decide to invest after trying out autonomous driving and other innovative solutions. Germany’s automotive giant aspires to develop a smart island system in the north Aegean. Greece’s government has teamed up with Volkswagen […]
