Electricity

Greece proposes new 9 GW green electricity corridor to Austria

corridor

Photo: jplenio on Pixabay

Published

October 21, 2022

Country

Comments

comments icon

0

Share

Published:

October 21, 2022

Country:

Comments:

comments icon

0

Share

Greece aims to take advantage of a large power corridor to transfer green energy northwards and grow renewables.

More than ten years ago, the Greek government proposed a green energy corridor to export renewable electricity from its Western Macedonia province all the way to Germany. The so-called Sun Project did not materialize, but now there is a new and similar initiative, to interconnect indirectly with Austria.

Minister of Environment and Energy Kostas Skrekas revealed that he has proposed the 9 GW project to Austria to take advantage of Greece’s rich renewable energy potential and help Central Europe reduce its dependence on natural gas. Renewables are the solution to the energy crisis, not the problem, he said.

Skrekas: Renewables are not the problem, but the solution

According to Greek power transmission grid operator IPTO, 10 GW of renewable energy facilities are in operation. There are also 11 GW to 12 GW in projects with connection permits, which means a total of 22 GW is underway. The revision of the National Energy and Climate Plan (NECP) is expected to aim at 25 GW of renewables by 2030, which brings to the conclusion that only limited capacities will be added despite the high investor interest.

Of course, the 12 GW with connection terms is not expected to be realized entirely since many investors only plan to sell their licenses to third parties while others won’t be able to finance their projects.

New corridor to become tool to grow renewables

Still, both IPTO and the Greek solar association, SPEF, believe that given Greece’s limited electricity demand, a high target for renewables makes no sense just on a national scale. The solution is to build the green electricity plants and sell their excess power abroad, especially in bigger markets, for instance in Central Europe.

This is where the new power corridor comes in to provide the avenue for renewable energy.

Moreover, it would be able to transfer green electricity not just from Greece, but also from North Africa and the Middle East. The EuroAsia Interconnector project is already underway to connect Cyprus with Crete and mainland Greece, while another endeavor, called EuroAfrica Interconnector, is planned to transfer power from Egypt.

Last but not least, Greek renewables could provide green energy to all countries between Greece and Austria, meaning that the Western Balkans could find a new source of cheap electricity to cover their needs.

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

HELLENiQ Energy buys ABO Energy Hellas 1 5 GW renewables

HELLENiQ Energy buys ABO Energy Hellas, adding 1.5 GW in renewables projects

02 July 2025 - Amid a consolidation in the renewables sector in Greece, HELLENiQ Energysaid it completed the acquisition of ABO Energy Hellas

EU outlines measures for 90 emissions cut by 2040

EU outlines measures for 90% emissions cut by 2040

02 July 2025 - A proposed amendment to the European Climate Law sets a 2040 target of a 90% reduction in net greenhouse gas emissions

Solaris Holding large hybrid renewable energy park Bulgaria

Solaris Holding launches production at large hybrid renewable energy park in Bulgaria

02 July 2025 - The new Selanovtsi solar farm of 59.8 MW in peak capacity near Vratsa was installed alongside a battery energy storage system of 107.3 MWh in capacity

marta kos growth plan western balkans skopje

Clean energy, grid upgrade projects in Western Balkans to be backed under EU’s Growth Plan

02 July 2025 - The European Commission has proposed the first support package, worth EUR 87.7 million, under the Growth Plan for the Western Balkans.