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 […]
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 […]