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

Spajic Japanese Itochu Montenegro waste energy

Spajić: Japanese company Itochu eyes Montenegro’s waste-to-energy project

09 January 2026 - Prime Minister of Montenegro Milojko Spajić said a 50 MW incinerator is about to be built for municipal waste

AI and Energy: the dynamic duo shaping the power grid

AI and Energy: the dynamic duo shaping the power grid

15 December 2025 - How artificial intelligence is reshaping power grids, enabling renewable energy integration while raising regulatory, ethical and sustainability challenges.

Applications open for the EUSEW 2026 Awards

Applications open for EUSEW2026 Awards

15 December 2025 - Applications are open for the EUSEW2026 Awards, which recognise projects, initiatives and leaders at the forefront of the EU's energy transition

European Commission presents Grids Package faster permitting, stronger interconnections and lower energy bills

EU presents European Grids Package: faster permitting, stronger interconnections, lower energy bills

11 December 2025 - The European Commission presented the Grid Package and eight energy highways, aiming to accelerate electrification, connect markets, and reduce energy costs