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

vienna-green-hydrogen-bus-wien-energie

Vienna, Budapest inaugurate green hydrogen plants

12 April 2024 - Within just a few days, two green hydrogen plants were inaugurated in Central and Eastern Europe - in Austria and Hungary

European Parliament passes electricity gas market reform

European Parliament passes electricity, gas market reform

12 April 2024 - European lawmakers adopted the energy market design reform proposal to facilitate decarbonization and ease the impact of sharp price swings

Europe largest solar farm Witznitz eastern Germany

Europe’s largest solar farm Witznitz commissioned in eastern Germany

11 April 2024 - Hansainvest and developer Move On inaugurated the Witznitz solar park of 605 MW in peak capacity on coal land near Leipzig in Germany

Romania offshore wind energy law first megawatts 2032

Romania adopts offshore wind energy law to get first megawatts in 2032

10 April 2024 - More than two thirds of lawmakers voted for Romania's first offshore wind energy law, aimed at getting the first turbines online in 2032