Renewables

Greek PPC Renewables plans to triple electricity production from geothermal energy

Photo: Pixabay

Published

March 14, 2017

Country

Comments

0

Share

Published:

March 14, 2017

Country:

Comments:

0

Share

PPC Renewables, the leading Greek company for the production or electricity from renewables, wants to triple production capacity from geothermal energy.

Business plan which includes the development of geothermal energy is prepared by the newly elected Board of Directors. Previous board is replaced after the series of bad decisions which caused, according to Manolis Panagiotakis, CEO of PPC, Greek power utility, the drop of PPC Renewables’ share in the renewables market to 3%.

Panagiotakis’ view is that geothermal technology, along with other measures, can end expensive regional addiction on fuel, diesel and crude oil for generation of electricity. PPC Renewables wants also to invest in renewables in other Balkan countries, which was one of the topics of the recently held Serbian-Greek business forum in Belgrade.

PPC boss did point that his company invested EUR 62 millions on geothermal technology research in previous decades, but those failed to produce results. Despite that setback, Manolis Panagiotakis is optimistic, concerning the development of that sector in Cyclades islands and maybe further south.

Panagiotakis said that new business policy can make PPC Renewables key factor, if not the leader in Greek RES market. Several major international corporations, including Enel, Ormat and Mitsubishi are interested to help the development of Greek geothermal potentials.

Greek PPC pioneered the development of the electricity production from renewables. In 1982. the company founded one of the first wind farms in the world on the Kythnos island. Combined with photo-voltaic energy, they created isolated power supply system.

 

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

Belgrade Energy Forum energy storage is next big thing

Belgrade Energy Forum 2024 – energy storage is next big thing

25 May 2024 - There are exponential opportunities for energy storage investments to facilitate the green transition, main developers and operators in Southeast Europe said at Belgrade Energy Forum

janom investments Andrej Srsen bef 2024

Janom Investments bringing knowhow, investments to Western Balkans

24 May 2024 - Janom Investments is eyeing a portfolio of over 1,000 MW in wind, solar and battery projects in Croatia, BiH, Serbia and North Macedonia

maja turkovic cwp global investments bef 2024

Meet energy transition leaders in SEE: CWP Global is developing 6 GW of solar, wind, storage

24 May 2024 - Vice President for Europe at CWP Global Maja Turković was a panelist at the Belgrade Energy Forum 2024 conference

Western Balkans face tight electricity market coupling deadlines

Western Balkans face tight electricity market coupling deadlines

24 May 2024 - Market coupling is the first task in the Western Balkans energy transition and their main condition to be exempted from CBAM, panelists said at Belgrade Energy Forum