Greece working on new energy storage support framework
Greece’s energy regulator, RAE, is preparing a new energy storage support framework to foster renewable energy growth, chairman Nikolaos Boulaxis has said at the Thessaloniki International Fair. The new energy storage support framework should be completed by the end of 2019, Boulaxis said, energypress reported. “The future of renewable energy is linked to the ability […]
Piraeus Bank joins EUR 650 million EIB green infrastructure investment program
Piraeus Bank has agreed to support a new EUR 650 million infrastructure investment program developed by the Hellenic Ministry of Development and Investments and the European Investment Bank (EIB). Piraeus is the second leading Greek bank to confirm participation with the scheme, after the National Bank of Greece. Piraeus Bank will identify and invest in […]
Greece, Slovenia among five EU countries to introduce new fossil fuel subsidies – report
Five EU countries including the UK, Germany, Greece, Poland, and Slovenia are looking to introduce new fossil fuel subsidies by 2030, an analysis of the 28 Member States’ draft energy and climate plans (NECPs) has revealed. In a new report, “Fossil fuel subsidies in draft EU National Energy and Climate Plans: Shortcomings and final call […]
METKA EGN signs solar PPA to supply leading Australian retail chain
Greek EPC contractor METKA EGN has entered an agreement with Coles, the second-largest supermarket chain in Australia, for a 10-year electricity supply contract (PPA), with all the power to be generated from renewable sources, according to a press release from the subsidiary of Greek industrial giant Mytilineos Holdings. The contract value for Greek EPC contractor is EUR […]
Greece’s EPC contractor METKA EGN lands solar PV project in Chile
Greek EPC contractor METKA EGN has announced that it has recently signed a contract with Atacama Solar S.A., a subsidiary of solar independent power producer Sonnedix, to undertake the EPC and O&M of the Atacama Solar II 170.65 MWp PV project located in the municipality of Pica, Tarapaca Region, in Chile. The scope of the […]
Floating met mast for offshore wind measurements deployed off Makronisos
Greece’s Streamlined Naval Architects LTD in co-operation with ETME, ERGOMARE S.A. and Enalios Diving Center has deployed the FloatMast platform, an innovative floating met mast platform for offshore wind measurements, according to an announcement from Streamlined. The floating met mast is located 250 meters off the coast of the uninhabited Aegean island of Makronisos, at […]
EUR 1 billion Crete-Attica interconnection draws bids from major cable construction players
Major companies in the cable construction sector have filed binding bids for lots of a EUR 1 billion project to build the Crete-Attica electricity grid interconnection, whose construction is seen as urgent to avert electricity shortages on Greece’s largest island. Ariadne Interconnection, a special purpose vehicle of Greece’s Independent Power Transmission Operator (IPTO or ADMIE) […]
Terna Energy secures refinancing for largest Greek wind farm
Alpha Bank, Eurobank Ergasias and National Bank of Greece have provided EUR 117 million in non-recourse refinancing for the 73.2 MW Aghios Georgios wind farm operated by a subsidiary of Terna Energy, global law firm Norton Rose Fulbright has said in a press release. The wind farm owned by Terna Energy is located on the […]
