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 […]
TENDERING: PPC Renewables looking for contractor to install two solar power plants
PPC Renewables, the renewable energy arm of the Public Power Corporation (PPC), has announced tenders for the construction of two solar power plants in the municipality of Megalopolis in southern Greece, with a total installed capacity of 50 MW. The company now has only 1 MW of installed capacity in 28 photovoltaic installations, while the […]
Greece awards nearly all wind, solar capacity at auction as prices drop
Households and companies in Greece may see a decline in electricity tariffs after the latest auction of solar and wind capacity. Regulators accepted offers from power plant operators for a total of 141.9 MW and 471.8 MW, respectively, and the bidding brought lower power prices. The Regulatory Authority for Energy – RAE said this year’s […]
PPC Renewables may partner with Motor Oil, Helector in green energy
Greece’s national electricity producer PPC is leaning on its green energy firm for the transition away from conventional and dirty technology. PPC Renewables is developing geothermal, wind and solar projects and establishing ventures, where domestic companies Motor Oil Hellas and Helector emerged as next likely partners. Government-controlled Public Power Corp. SA or PPC is discussing […]
Greece gets cheapest solar, wind power so far
Regulators in Greece accepted the offer by an affiliate of PPC Renewables to sell electricity from a planned 200 MW solar power plant. The price achieved at the auction, EUR 49.11 per MWh, is the lowest ever in the country for photovoltaics. The Ministry of Environment and Energy of Greece has said the level of […]
PPC Renewables to add 1.5 GW in solar including on former coal mines
The Regulatory Authority for Energy revealed Greece’s dominant power producer is already taking steps in line with its recently published five-year plan. PPC Renewables SA, tasked with Public Power Corp. SA’s envisaged energy transition, filed applications for photovoltaic units with a total capacity of 1.5 GW. The ambition is to add 1 GW by 2024 […]
PPC to work with Masdar, Taaleri on green goal of 300 MW in Greece
PPC Renewables SA signed a memorandum of understanding with Masdar Taaleri Generation Doo or MTG about the development of renewable energy projects in Greece. In the statement, released by the Greek company’s parent Public Power Co. SA, the state-owned firm highlighted their optimism regarding wind and solar potential. Masdar or Abu Dhabi Future Energy Co., […]
Greece hits 3 GW wind energy milestone
Greece’s cumulative wind energy capacity has exceeded 3 GW, according to the latest data from the Greek Wind Energy Association (ELETAEN). Greece hit the 3 GW milestone on May 20, with an Enercon E-70 E4 2300kW wind turbine installed at the Trikorfo wind farm, ELETAEN said in a press release, noting that the achievement was […]