Greece awards 277.32 MW of capacity in 1st regular competitive auctions, EDP wins largest wind project
Greece’s energy regulator, RAE, auctioned off a total of 277.32 MW in wind and solar photovoltaic (PV) capacities in its first regular competitive auctions, held on July 2, obtaining prices lower than in the December 2016 pilot tender. A total of 53.48 MW was awarded for 83 small PV projects, with a capacity of over […]
Greece launches regular renewable energy auctions in shift from standard FIT model
Greece has held its first regular competitive auctions for renewable energy capacities, after significantly trimming the offered capacities as a result of rejecting a slew of applications over technical matters. The descending-price renewable energy auctions, representing a shift from the standard feed-in tariff (FIT) model, resulted in considerably lower rates to be paid to investors […]
Greek energy exchange founded, launch expected in mid-2019
The Hellenic Energy Exchange has been founded as part of the EU’s target model to create a single energy market, Greece’s Environment and Energy Ministry said. The Greek energy exchange is expected to launch operations in mid-2019, the Greek Observer reported, citing an announcement from the ministry. The country’s first energy exchange will be owned […]
PPC Renewables’ geothermal partnership draws two 2nd round binding bids
Only two second-round binding bids were submitted for geothermal development partnership with Greece’s PPC Renewables, a subsidiary of the country’s majority state-owned power utility, Public Power Corporation (PPC), by the June 1 deadline, according to reports. The second-round binding bids for the geothermal partnership with PPC Renewables were filed by Greece’s waste-to-energy producer Helector, part […]
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 […]