China wants in on Crete power link, joins Minos solar project
China’s president Xi Jinping left Greece with 16 bilateral deals, after an official three-day visit, where the focus was placed on the most populous country’s massive Belt and Road Initiative for infrastructure, manufacturing and trade across Asia, Africa and Europe. The projects include the interconnection cable which is planned to be installed between Crete and […]
Final deals inked for Crete’s power link to mainland
A EUR 365 million undersea electric cable between Greece’s largest island and the southeastern tip of the Peloponnese peninsula is set to come online next year. Independent Power Transmission Operator SA said the accompanying contracts for the interconnection between Crete and the mainland were signed on October 25 with Intrakat and Elektromek-Nari. The entity, which […]
Greece to roll out modest electric car incentives – report
Hints from the government and recent rumours in the media shouldn’t get buyers’ hopes up very much with regard to purchases of vehicles, Ekathimerini learned from unnamed sources. Greek authorities are expected to roll out tax incentives next week and next month only for units with low emissions, the article adds. It means they would […]
Terna Energy to invest EUR 250 million in renewables in Greece
Greek energy group Terna Energy has announced EUR 250 million in new investments in renewable energy sources in Greece. Continuing its investment program in Greece, Terna is implementing new investments of more than EUR 250 million in the clean energy production sector, the company has said on its website. In 2019 the company began its […]
Enel inaugurates Kafireas wind farm complex, largest in Greece
Enel Green Power Hellas S.A. (EGPH), a subsidiary of Italian energy company Enel, has connected to the grid its new, 154 MW Kafireas wind farm complex, which is the largest of its kind in the country. According to the company’s website, located in the municipality of Karystos (Evia), Kafireas involved an overall investment of around […]
Terna Energy Finance to launch green bond offer on October 16
Terna Energy Finance, a member of Terna Energy Group, will launch a public offer of a EUR 150 million seven-year bond on October 16. Greece’s first green bond offer will be deemed successful if at least EUR 120 million worth of securities are subscribed. The public offer of the green bond, certified by the Climate […]
Four systemic Greek banks join EUR 650 million sustainable infrastructure program – EIB
The European Investment Bank (EIB) has confirmed in a press release involvement of four systemic Greek banks in a new EUR 650 million green infrastructure investment program. Confirmation of the involvement of the four systemic Greek banks – Alpha Bank, Eurobank, National Bank of Greece, and Piraeus Bank – will enable EUR 650 million for […]
Iberdrola contracts Vestas for wind turbine maker’s latest project in Greece
Denmark-based Vestas Wind Systems A/S has won a 16 MW auction-derived order from Spain’s Iberdrola for the Pyrgari wind farm, the latest in a series of orders for the wind turbine maker to secure in Greece. Vestas said the contract with Iberdrola, the world’s number-one producer of wind power, for the Viotía, Greece site includes […]