Renewables

EBRD funds renewables in Greece with EUR 300 million

Photo: Pixabay

Published

February 7, 2017

Country

Comments

comments icon

0

Share

Published:

February 7, 2017

Country:

Comments:

comments icon

0

Share

The European Bank for Reconstruction and Development  (EBRD) announced the establishment of an investment framework worth EUR 300 million to finance renewable energy projects in Greece.

The Greek Renewable Energy Framework (GREF) will also finance electricity grid modernization and expansion investments that enable renewables integration in the Greek system.

GREF responds to the country’s target to add 2.4 GW of new renewable energy capacity by 2020 and the recent adoption of a new more market-based renewable energy support scheme, which includes a transition to an auction-based price-setting mechanism.

GREF will contribute to Greece meeting its renewable energy targets and achieving carbon emission reductions directly through financing projects in renewable electricity generation (especially through the new auction scheme), as well as indirectly, by supporting the grid infrastructure that enables improved penetration of renewable plants into the Greek system, according to EBRD.

Comments (0)

Be the first one to comment on this article.

Enter Your Comment
Please wait... Please fill in the required fields. There seems to be an error, please refresh the page and try again. Your comment has been sent.

Related Articles

serbia wind farm plandiste nis met dubravka djedovic

Government of Serbia interested in taking over Plandište wind project

25 July 2025 - Plandište is one of the projects that obtained feed-in tariffs under the first quota of 500 MW for wind power plants in Serbia

Over 20,000 prosumer projects connected in Greece during last 18 months

Over 20,000 prosumer units connected in Greece in last 18 months

24 July 2025 - Households and businesses remain highly interested in becoming prosumers in Greece, although the new net billing program faces delays.

Project 81 MW solar park on coal mine in Montenegro

Project underway for 81 MW solar park on coal mine in Montenegro

24 July 2025 - The Government of Montenegro gave a provisional green light for a solar power plant of 81.1 MW in peak capacity on coal land in Pljevlja

croatia rp global novalja solar ebrd loan

RP Global gets EUR 12.2 million loan for Novalja solar project

24 July 2025 - In late April, Austrian company RP Global began the construction of the Novalja PV plant at the Zaglava site on the island of Pag