Greece gets EU nod for state aid for Amfilochia plant, renewables in islands
Greece will support the construction of the Amfilochia pumped storage plant and the development of renewables in non-interconnected islands
Greek power network operators report surge in investments in 2021
Investment in the Greek electricity network increased substantially in 2021 in order to help the country make its energy transition
European Commission’s new PCI list: what’s happening in Balkans?
The European Commission has announced the fifth PCI list. Here is an overview of projects in the Balkans region.
IPTO to invest EUR 4.1 billion in new interconnections, renewables integration, batteries
Greece’s independent transmission system operator, IPTO, plans to invest EUR 4.1 billion over the next 10 years to build new interconnections with Bulgaria, Italy, Albania, and North Macedonia, as well as to increase capacities for the integration of renewables and install batteries for electricity storage. The possible new interconnections include a subsea cable between Greece […]
Greece tests Peloponnese-Crete link – world’s longest undersea AC cable
Crete's first interconnection with the mainland, via the Peloponnese, was successfully tested. It is the world's longest alternating current cable system
Cyprus agrees construction of 50 MW concentrated solar power plant
A concentrated solar power system may become operational already next year, as the agreement with the government of Cyprus was signed after all permits have been secured. Alfa Mediterranean is about to build the 50 MW solar power plant using Australian tech. Following years of delays, Alfa Mediterranean Enterprises finally signed the contract with the […]
EUR 400 million loan for Attica-Crete interconnection secured
The financing framework for the undersea electricity link between the Greek mainland and its largest island has been completed. The country’s TSO Admie secured a credit line of as much as EUR 400 million from Eurobank for the Ariadne Interconnection between Crete and the Attica peninsula. Greece’s Independent Power Transmission Operator, also known as IPTO […]
Hungary, Serbia set to double power interconnection capacity
Hungary and Serbia plan to double their cross-border power interconnection capacity and exchange, according to Hungarian Minister of Foreign Affairs and Trade Péter Szijjártó. Increasing the interconnection capacity will enable electricity balancing between the two countries, Serbian Mining and Energy Minister Aleksandar Antić said following a meeting with Szijjártó in Budapest. Hungary has a strong […]