Greece to move forward with privatization of energy, mining companies
Minister of Environment and Energy of Greece Kostis Hatzidakis announced plans for a quick sale or partial privatization of companies in the energy and mining sectors. He asserted the government would soon introduce the so-called target model so that power producers would be able to make bilateral supply contracts with corporate consumers. “The government supports […]
Greek fossil fuel companies expanding their renewables portfolios
Hellenic Petroleum asked the EBRD for a EUR 75 million loan for a solar power project of 204 MW and its domestic competitor Motor Oil bought a 40 MW wind power plant. Major Greek firms are turning to renewables as energy transition gains traction. The drop in costs for the equipment for green energy production […]
Hellenic Petroleum acquires juwi’s 204 MW solar power plant project
The fossil fuel giant in transition counts on domestic added value of 40% and hints at the possibility to add electricity storage or other innovative solutions. Hellenic Petroleum leaves German partners in charge of construction in Kozani. The facility would be the biggest of its kind now in Southeastern Europe. Greece’s dominant fuel and petrochemicals […]
Greece to auction 600 MW in wind, solar capacities
Greece’s energy regulator, RAE, will offer 600 MW in renewables capacities in the first joint tendering procedure for both wind and solar photovoltaic (PV) capacities next month, with bids to start at EUR 64.72 per MWh, according to an announcement from the regulator. The deadline for the submission of applications is March 21, with an […]
MITEF Greece Startup Competition introduces Energy and Mobility Track
The deadline to file entries for the MIT Enterprise Forum (MITEF) Greece Startup Competition, which this year introduces the Energy and Mobility track, is January 31. The MITEF Greece Startup Competition is a business skills accelerating competition in which Greek technology startups compete for prizes and international brand recognition. This year MIT Enterprise Forum Greece, part […]
9 MWp solar park, Greece’s first 1500 DC system, put into commercial operation
German renewable energy project developer juwi’s Greek subsidiary juwi Hellas has built, commissioned, and put into commercial operation a 9 MWp PV plant located in Central Greece, near the town of Karditsa, for ATEN Energy SA, part of Hellenic Petroleum Renewable Energy Sources (ELPE Renewables), juwi said in a press release. The system is the […]
Oil company Jugopetrol eyeing electricity generation from renewable energy sources in Montenegro
Montenegro-based oil company Jugopetrol will try to expand its energy portfolio and to assess the potential of Montenegro in the production of electricity from renewable energy sources, which is its area of interest for investment, said Antonis Semelides, executive director at Jugopetrol. ’Jugopetrol, owned by Greece’s Hellenic Petroleum, has already announced plans to transform from […]
First auctions for PV and wind in Greece announced in April
While Greece is waiting for ministerial decisions related to a new legal framework concerning renewable energy sources (RES) installations and auction items, there are information suggesting that first auctions are expected in April next year. The first round of auctions, in two separate events – one offering 100 MW for wind energy installations and another […]