Renewables

HELLENiQ Energy: Southeastern Europe to become #1 region in renewables growth

HELLENiQ Energy: SEE to become #1 region in renewables growth

Photo: HELLENiQ Energy

Published

October 16, 2023

Country

Comments

comments icon

0

Share

Published:

October 16, 2023

Country:

Comments:

comments icon

0

Share

Southeastern Europe is going to become the number one region in Europe in terms of renewable energy growth, according to HELLENiQ Energy.

In its latest corporate presentation, the Greek group outlined its views on energy market trends and expectations both in the home country and abroad.

Given the fact that Southeastern Europe has lagged in renewables growth until now, HELLENiQ expects it is going to develop much faster in the years to come, providing investors with superior returns. This is why the group is interested in growing its green portfolio in regional markets, starting with the period until 2025 and extending beyond that.

HELLENiQ expects that renewables penetration in Greece would only reach 66% by 2030, versus 78% in the National Energy and Climate Plan (NECP) Therefore, the document also focuses on neighboring markets capturing some of the opportunities.

HELLENiQ Energy: Southeastern Europe to become #1 region in renewables growth

It is notable that HELLENiQ expects growth of 366% in Romania by 2030 and 600% in other Balkan countries, compared to 160% in Greece.

The utility’s strategy projects a total of 1.08 GW in renewable electricity installations by 2025 and 2 GW by 2030, compared to 680 MW currently in operation or under construction. Total project pipeline is 4.2 GW. Photovoltaics make up 60%, the share of storage is 25% and the remaining 15% is wind power.

Within the ongoing and future investments, 29% is in an early stage and 36% has pending applications for production licenses or environmental terms. The company submitted the requests for environmental permits or grid connections for 17% of capacity, 15% is in an advanced stage or ready to build and 3% is under construction.

Siamisiis: Storage necessary for new renewable projects

CEO Andreas Siamisiis recently said that HELLENiQ would soon reveal new renewable energy investments other than acquisitions. In the future, large-scale renewable investments will no longer be viable without energy storage, in his view.

Apart from green energy, the group continues its focus on hydrocarbon exploration, with decisions on drilling exploration wells in licensed areas to be taken in 2024-2025. In addition, it is investing in upgrading refineries for better energy efficiency, in green hydrogen projects and electric mobility.

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

Global battery storage capacity expands record 200 GWh 2024

Global battery storage capacity expands by record 200 GWh in 2024

29 May 2025 - The cost of storing electricity has dropped thanks to the declining cost of battery projects and technological advancements, Rystad says

CyberGrid is committed to energy transition in SEE with its aggregation solutions Candellari

CyberGrid is committed to energy transition in SEE with its aggregation solutions

28 May 2025 - CyberGrid's Nikolaj Candellari said at BEF 2025 that the firm believes in the energy transition in SEE, contributing to the process with its solutions

ACER Zinglersen Integrate electricity markets flexibility new era already here BEF 2025

ACER’s Zinglersen: Integrate electricity markets to bolster flexibility as new era is already here

28 May 2025 - The number of hours with negative power prices reached an all-time high for two years in a row, which means a new era is here, ACER's Director Christian Zinglersen said at BEF 2025

NGEN BEF 2025 decentralized electricity grid Roman Bernard BEF 2025

NGEN showcases solutions at BEF 2025 for decentralized electricity grid of tomorrow

28 May 2025 - Slovenia-based NGEN is expanding throughout Europe with its software platforms and equipment and BESS for decentralized grids