Greece secures EUR 178 million for first power link between Crete and mainland
Greece has secured a EUR 178 million long-term loan to finance the construction of the first power interconnector between the mainland and the country’s largest island Crete. The new 132 km submarine power line will ensure the security of energy supply, provide a third of Crete’s electricity needs, reduce the use of oil-fired power plants, […]
PPC Renewables to acquire 45% stake in Volterra’s 4 wind farms in Greece
Greece’s PPC Renewables, a subsidiary of the country’s majority state-owned power utility, Public Power Corporation (PPC), and Volterra, a subsidiary of AVAX Group, have agreed the joint development and operation of 69.7 MW wind farms in Greece. According to a news release from PPC, the company is in the process of acquiring 45% of Volterra’s […]
Norway’s Equinor looking into offshore wind in Greece
Norway’s oil and wind energy company Equinor is in an early stage of identifying opportunities concerning offshore wind in Greece, according to a statement from the company, formerly Statoil. “Due to excellent wind conditions offshore, deep waters and the strong industrial/yard and maritime tradition Greece is well positioned to become an important area for floating […]
GE completes Fokida wind farm in Greece
GE has completed its first wind farm project in Greece. The Fokida wind farm is the first of a series of three wind farms GE is constructing for Nostira Renewable Energy, which has a 20% stake in the Fokida project, according to GE’s website. The Fokida wind farm is located in central Greece along the […]
Greece to offer 456 MW in mixed wind and solar capacities in April 15 auction
Greece’s energy regulator, RAE, will offer 456 MW in the country’s first mixed renewable energy auction on April 15, having received eight applications for a total of 637.78 MW in wind and solar capacities. The applications were submitted by the March 21 deadline, energypress wrote. A 200 MW solar park project planned by PPC Renewables […]
Greece to auction 600 MW in wind, solar capacities
Greece’s energy regulator, RAE, will offer 600 MW in renewables capacities in the first joint tendering procedure for both wind and solar photovoltaic (PV) capacities next month, with bids to start at EUR 64.72 per MWh, according to an announcement from the regulator. The deadline for the submission of applications is March 21, with an […]
Greece sees 191.6 MW in new wind capacity connected to grid in 2018
The Greek Wind Energy Association’s (ELETAEN) latest data shows that 191.6 MW in new wind energy capacity was connected to the grid last year. This was an increase of 7.2% compared to 2017, ELETAEN’s data shows. A total of 103 new wind turbines with a combined capacity of 191.6 MW were connected to the grid […]
Greece discussing microgrids, energy storage systems with Tesla
U.S. automotive and energy company Tesla, Inc.’s executives have met with Greek Minister of the Environment and Energy Giorgos Stathakis to discuss possible cooperation on modernizing Greek islands’ power grids as part of a strategy to reduce the use of fossil fuels in favor of renewables. The cooperation would involve microgrids connected to energy storage […]
