Energy Efficiency

Greece earmarks EUR 850 million for energy efficiency, prosumers

Greece-EUR-850-million-energy-efficiency-prosumers

Photo: Pixabay

Published

August 11, 2020

Country

Comments

comments icon

0

Share

Published:

August 11, 2020

Country:

Comments:

comments icon

0

Share

The Greek government has prepared an EUR 850 million program for energy efficiency in the private buildings sector, including incentives for the use of renewable energy for self-consumption and the introduction of solutions for smart homes.

The idea is to introduce energy saving measures in 60,000 households per year until 2030, local media reported. The government will subsidize up to 85% of each investment while the maximum amount per household will be EUR 50,000, according to the Institute of Energy for South-East Europe.

The government will subsidize up to 85% of each investment while the maximum amount per household will be EUR 50,000

The start of the program is planned for this fall, while similar measures could be introduced for public buildings, tourism, and industry in the next phase.

The scheme will also support installing charging points for electric vehicles

The program envisages basic energy saving measures like insulation improvements, but also investments in the energy autonomy of buildings such as the installation of solar photovoltaic systems, and energy storage. The scheme will also support installing charging points for electric vehicles, as well as smart energy management systems, such as smart lighting and the remote control of heating and cooling.

“This program is just the beginning. But we want it to be a good start and to signal the increased emphasis on energy saving actions that are now being given a boost at the European level”, said Greek Energy Minister Kostis Hatzidakis.

He expects the program to be a boost for the entire economy, especially the construction industry.

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

IFC Western Balkans Green Growth Alliance

IFC is building Western Balkans Green Growth Alliance

30 January 2025 - IFC is spearheading the establishment of the Western Balkans Green Growth Alliance for decarbonization and sustainability

Bettina Päri, EUSEW Young Energy Ambassador

On the path to a green future: the importance of bottom-up initiatives in cities

27 January 2025 - Active citizen participation in the energy transition receives attention in the sustainable energy sector. However, when it comes to broader public awareness, the topic gets notably less limelight, and citizen participation in bottom-up projects is still considerably low

CMS

Mechanisms and opportunities for trading energy savings in Croatia: A guide to the SMiV system and white certificates

25 January 2025 - Croatia’s energy savings trading system, governed by the Energy Efficiency Act and supported by the SMiV platform, provides a structured approach to tracking, verifying, and monetizing energy efficiency measures.

kosovo energy efficiency public buildings ebrd loan

Kosovo* to invest EUR 86 million to save energy in 400 public buildings

20 January 2025 - The project envisages energy efficiency measures in 400 public buildings including administrative, education and healthcare facilities