Electricity

Greece proposes new 9 GW green electricity corridor to Austria

corridor

Photo: jplenio on Pixabay

Published

October 21, 2022

Country

Comments

0

Share

Published:

October 21, 2022

Country:

Comments:

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

EU Energy Community support Serbia energy transition Várhelyi

EU, Energy Community extend support to Serbia in its energy transition

02 December 2022 - Minister of Mining and Energy Dubravka Đedović met with top officials from the European Union and Energy Community Secretariat

Romania allows prosumers to install photovoltaic panels in several locations

Romania allows prosumers to install photovoltaic panels in several locations

01 December 2022 - The Government of Romania adopted an executive order to make it easier for prosumers to connect solar panels to the distribution grid

Greece joins European Single Intraday Coupling sidc

Greece joins European Single Intraday Coupling

01 December 2022 - Intraday markets of 25 European countries are now united and the integration has been completed.

PPC Renewables picks Terna biggest solar power plant in Greece

PPC Renewables picks Terna to build biggest solar power plant in Greece

01 December 2022 - The GEK Terna conglomerate gave the best offer for the construction of a 550 MW photovoltaic plant in northern Greece