Greece’s Terna Energy adds 2 wind farms in Texas to U.S. portfolio
Greek renewable energy company Terna Energy has seen a significant strengthening of its wind farm portfolio in the United States with the completion of two significant investments in the Texas area, according to a press release from the member of GEK Terna Group. The 158 MW Gopher Creek (Fluvanna 2) wind farm in Borden County, […]
Greece seeks to phase out coal by 2028, Ptolemaida V prospects unclear
Greece will adopt a new national energy and climate plan by the end of 2019 that will envisage the shutdown of all coal power plants in Greece by 2028, Prime Minister Kyriakos Mitsotakis said at the UN Climate Action Summit 2019. The plan will also call for expanding the share of renewables to 35% by […]
Greece to start shutting down coal power plants
A business plan being drafted by the management of majority state-owned Public Power Corporation (PPC) includes a “sweeping divestment” of its coal power plants in Greece, Ekathimerini writes. The plan to start shutting down PPC’s coal-fired power plants, which is expected to be ready by mid-November, is meant to be factored into the structural changes […]
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 […]