Smart battery can bring Tilos to 80% green energy
A study by energy storage developer Younicos has found that Tilos could push the share of green energy in its beyond 80% by installing an intelligent battery. The Greek island would thus dramatically reduce its costs for expensive fossil fuel-based power, which is currently transported to the island through an interconnection from the neighboring island […]
Renewables bring deficit of EUR 17.37 million in Greece
The latest report showed the gap at the special account for renewable energy sources at Lagie, the Greek electricity market operator, increased by EUR 11 million in August to EUR 77.21 million, Energy Press said. The state’s special account had begun the year with a deficit of EUR 101.88 million and is forecast to end […]
Electric surge protector makers sold to Greek group
Iskra Zaščite and Varsi, Slovenian companies producing electric surge protector components, were taken over by German-Greek group Raycap, which makes protector systems, business daily Finance said. Details were not revealed, according to an article published by Slovenia Times. The owner believes that many synergies can be created; together the companies have a lot of intellectual […]
Public Power Corporation won’t be privatized further
There are no plans for the state’s share in Public Power Corporation (PPC) to diminish, according to Panos Skourletis, minister for productive reconstruction, energy and environment, Greek Reporter portal said. He addressed the future of the government-controlled utility and the future of energy in Greece during an interview with RealFM 97.8 radio station. The state […]
Terna Energy triples first-half profit
Total turnover of EUR 85.4 million was reported for the first six months of this year by Terna Energy, compared to EUR 69.4 million in the corresponding period a year earlier. Renewable energy group GEK Terna’s subsidiary boosted its profit following minority interests by 361 percent to EUR 11.3 million. Revenues from power generation reached […]
Skourletis opens way for island hybrid power stations
A ministerial decision specifying terms and conditions for the sale of electricity by hybrid power stations to noninterconected island networks was signed by Panos Skourletis, minister for production, reconstruction, environment and energy, prior to his departure from the post, Energy Press of Greece reported. The former government, headed by Syriza party, resigned on August 20. […]
Customers’ debt to PPC exceeds EUR 2 billion
The amount owed to the Public Power Corporation by its customers topped EUR 2 billion at the end of July, the head of its Genop workers’ union Giorgos Adamidis told the Athens–Macedonian News Agency. He added more than EUR 1.5 billion were households’ liabilities. High voltage accounts for EUR 280 million, where EUR 250 million […]
Tilos island installing autonomous green energy system
The small Dodecanese island of Tilos combines power generation from renewable energy sources with storage in developing an autonomous smart grid, WWF Greece said. The multinational European demonstration and research project has 15 participating enterprises and institutes from 7 European countries. It aims to demonstrate the potential of local-scale energy storage to serve a multi-purpose […]
