Draft National Energy and Climate Plan envisages EUR 32.7 bln in investments to boost RES share to 32% by 2030
Greece’s draft National Energy and Climate Plan calls for EUR 32.7 billion in investments from 2020 to 2030 for the share of renewable energy sources (RES) in energy consumption to rise to 32% and electricity production to 55%. Comments to the draft plan are due by December 3, according to the Ministry of Environment and […]
Croatian, Greek, Irish islands selected for EU energy transition pilot project
Croatia’s Cres-Lošinj archipelago, including the Cres, Lošinj, Susak, and Ilovik islands, as well as the Sifnos island in Greece and the Arani islands in Ireland, have been selected for the implementation of an energy transition pilot project within the Clean Energy for EU Islands initiative, the office of the Croatian member of the European Parliament […]
Greece to auction 423 MW in solar, wind capacities on December 10
Greece’s energy regulator, RAE, will hold three auctions on December 10 for a total of 423 MW of renewables capacities, including 194 MW of solar and 229 MW of wind capacity, according to an announcement on the regulator’s website. RAE will auction a total of 94 MW for photovoltaic (PV) projects with an installed capacity […]
Greece’s first wind turbine factory starts production
The first Greek wind turbine factory, operated by Eunice Wind, has launched production in the town of Mandra in the west of Attica, some 30 km from Athens, Greek news agency ANA-MP reported. Eunice Wind is part of Eunice Energy Group. The factory manufactures EW-16 THETIS, the small wind turbine with a rated power of […]
PPC Renewables invites bids to build, operate 10 MW wind farm
Greece’s PPC Renewables, a subsidiary of the country’s majority state-owned power utility, Public Power Corporation (PPC), has invited bids for the design, procurement, transportation, installation, and commissioning of a 10 MW wind farm on the Ionian island of Kefalonia. The would-be wind farm contractors are to submit their offers by September 10. The estimated project […]
Terna secures financing from EIB, Alpha for two wind farms in Greece
Greece’s Terna Energy Group has secured financing for the construction of two 44 MW wind farms on Mt. Vermio in northern Greece. The European Investment Bank (EIB) extended a EUR 24 million loan, while Alpha Bank acted as co-lender providing an equivalent amount of long-term debt next to a medium-term VAT facility. The EIB’s loan […]
Greece’s PPC unveils plan to boost share of renewables, expand to other markets
Greece’s majority state-owned power utility, Public Power Corporation (PPC), has developed its 2018-2022 strategic and business plan with the support of its advisor, envisaging the company’s expansion to foreign markets and boosting the share of renewables in its overall energy generation mix, among other matters, according to an announcement from PPC. The advisor is consulting […]
China Energy gains renewable foothold in Greece, eyes Balkan expansion
China Energy Investment Corporation, one of the world’s largest power companies, has signed a cooperation agreement with Greece’s Copelouzos Group for renewable energy and conventional electricity. Under the agreement, China Energy will enter into the equity of a significant pipeline of wind farms built by Copelouzos Group, one of the biggest investment groups in Greece […]