Greek Government prepares legal framework for energy cooperatives
Draft bill which will permit establishment of energy cooperatives should be finalized next month. With that act, consumers will be entitled to become shareholders in energy ventures. Drafting of the future bill on energy cooperatives is going smoothly, according to Greek portal energypress.eu. The Ministry of Energy is working on this with RAE, the Regulatory Authority for […]
Greek PPC Renewables plans to triple electricity production from geothermal energy
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, […]
EU dependency on fossil fuel imports on rise despite energy consumption decrease
In 2015 gross inland energy consumption in the European Union (EU) is below its 1990 level but EU dependency on fossil fuel imports is on the rise. Gross inland energy consumption which reflects the energy quantities necessary to satisfy all inland consumption amounted in the European Union (EU) to 1,626 million tonnes of oil equivalent […]
EU on track to meet 2020 climate and energy targets
The second report on the State of the Energy Union shows that the energy transition in the European Union (EU) is well underway. According to a press release published on the European Commission website, in terms of greenhouse gas emissions, energy efficiency and renewable energy, EU is on track to reach its 2020 targets. The […]
Greek energy companies at Serbia-Greece Business Forum
During the Greek prime minister Alexis Tsipras’ visit to Belgrade a Serbia-Greece Business Forum will take place on January 31. The business delegation from Greece includes companies working in the field of energy and renewables, also interested in cooperation with Serbian companies. Greek energy delegation is led by Terna SA and PPC Renewables, who are among […]
METKA EGN signed EUR 60 million worth energy projects
METKA EGN has signed contracts to provide turn-key engineering, procurement and construction (EPC) for projects with a total capacity of 75MW and contract value exceeding EUR 60 million. According to a press release published on the METKA EGN website, the largest of the new contracts is with Noriker Power Limited and it will provide an […]
EBRD to support renewable energy projects in Greece
The European Bank for Reconstruction and Development (EBRD) will support one of the leading Greek renewable energy companies Terna Energy S.A. with EUR 50 million to develop projects in Central Greece. Terna Energy will invest a total of EUR 60 million in the development, construction and operation of renewable energy projects in Greece. One of […]
China’s State Grid to buy 24% stake in Admie
China's State Grid is a preferred strategic investor to buy a 24 percent stake in Greece's electricity grid operator Admie, sa9d the board of Public Power Corp.