Greece to launch competitive solar, wind tenders on July 2
Greece has scheduled auctions for solar and wind capacity for July 2 as it readies to switch from the feed-in tariff model to the competitive tender process. A total of 300 MW of solar photovoltaic (PV) and 300 MW of wind capacity will be offered, according to a document on the Regulatory Authority for Energy’s […]
Greece launches international tender for Crete power link project
Greece’s power grid operator ADMIE has launched an international open tender for a project linking the island of Crete to the mainland grid via undersea cables. The power link is expected to be finalized by 2020. Giorgos Stathakis, the energy minister, announced that this tender, via an e-auction, will be awarded to the “most economically […]
EIB: New EUR 100 million energy efficiency investment in Greece
European Investment Bank (EIB) and Piraeus Bank are partnering in order to trim energy costs for companies in Greece by EUR 100 million through new energy efficiency investments in the country. This initiative is the first in Greece under the Private Finance for Energy Efficiency program and represents the largest energy efficiency financing initiative to […]
Bulgaria and Greece will soon be connected by new transmission line
A new overhead electric line will soon connect Greece and Bulgaria. This new single circuit 400kV interconnection line between the substations Maritsa East in Bulgaria and Nea Santa in Greece will be of approximately 150 km in length. According to the Bulgarian Deputy Minister of Regional Development and Public Works, Valentin Yovev a detailed development […]
Tilos island is getting ready to become 100 percent green
The innovative hybrid, renewable energy-based battery station and smart microgrid project for Greek Tilos island power supply is ready to commence its trial operation. Since its inception, exactly three years ago, the project has attracted much attention worldwide. It combines energy production from renewable sources – solar and wind, and storage in accumulators with the […]
Greece’s PPC plans to invest in wind, HPP and geothermal in Turkey
Public Power Corporation (PPC), the Greek national power generation company is looking to invest in Turkey’s energy market, namely in wind, hydropower and geothermal projects. Manolis Panagiotakis, PPC’s chairman and CEO believes that it is the right time for Greece “to have a vivid presence in Turkey”. Therefore, PPC has been working with an international […]
Greece’s RAE proposes stricter rules for renewables capacity auctions
Greece’s Regulatory Authority for Energy (RAE) has suggested stricter participation requirements for the new three-year renewable energy (RES) auctions in order to increase successful bidding. The regulator has proposed EUR 1.000 as a minimum registration fee for renewable energy auctions to be calculated at EUR 150 per MW rate. According to the proposals, participants will […]
Cyprus, Greece and Jordan agreed on renewable energy cooperation
At their first-ever trilateral meeting, leaders of Cyprus, the host of the summit, Greece and Jordan agreed on strengthening regional cooperation in energy sector, particularly in renewable energy. Cypriot President Nicos Anastasiades, Prime Minister Alexis Tsipras, and Jordan’s King Abdullah II discussed all political and economic issues of importance for all three respective countries and signed several agreements for cooperation […]
