Renewables

Renewables bring deficit of EUR 17.37 million in Greece

Solar PV Slovenia support payments deficit

Photo: Chris Chesneau from Pixabay

Published

October 15, 2015

Country

Comments

0

Share

Published:

October 15, 2015

Country:

Comments:

0

Share

The latest report showed the gap at the special account for renewable energy sources at Lagie, the Greek electricity market operator, increased by EUR 11 million in August to EUR 77.21 million, Energy Press said.

The state’s special account had begun the year with a deficit of EUR 101.88 million and is forecast to end it at EUR 17.37 million, after falling sharply in November and December, by 30 million euros and 48 million euros respectively.

Surplus figures for the account are forecast for the first five months of 2016. A surplus of EUR 19.13 million is in the plan for January while EUR 7.57 million is for May.

However, the account is expected to fall back into deficit territory from June onwards, with the gap rising to EUR 55.98 million by December next year. In 2017, the balance is forecast to begin by showing a deficit of EUR 27.63 million, to rebound temporarily in February and March, and then recede again in April to a deficit of EUR 22.11 million, before rising to EUR 87.54 million in August.

The country’s installed renewable energy capacity remained stagnant at 5 GW in August, according to Lagie’s report. The nonrenewables subsector managed to increase its installed capacity.

Tags:

Related Articles

Wind turbines on the sea.

Ørsted issues blue bonds, vows to recycle solar panels, wind turbines

09 June 2023 - Danish renewable energy giant Ørsted said it would invest EUR 64 billion to achieve 50 GW in installed capacity by 2030

EU modernization fund Bulgaria Croatia Romania

EU pays out EUR 1.4 billion to Bulgaria, Croatia, Romania for green transition

09 June 2023 - The European Union's Modernization Fund has paid out EUR 2.4 billion for the seven member states, which is the joint largest disbursement

Lorkowski Carbon pricing condition electricity sector avoid EU carbon border tax

Lorkowski: Carbon pricing is condition for electricity sector to avoid EU’s carbon border tax

09 June 2023 - Market coupling and emissions trading systems are the prerequisites for an exemption from CBAM for electricity

EPS supervisory board Norwegian

Serbia’s EPS appoints seven-member supervisory board including three Norwegian experts

08 June 2023 - Serbia's state-owned coal and electricity producer Elektroprivreda Srbije – EPS selected a new supervisory board