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

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Published:

October 15, 2015

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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.

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