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 […]
Coronavirus prompts crisis measures in electric power systems in Balkans
Governments and state-owned operators are imposing constraints and work from home and stepping up hygiene requirements. The coronavirus isn’t affecting the electric power supply for now in the region of Western Balkans. Power producers and distributors in the Balkans have been introducing emergency procedures to contain the fallout from the spread of COVID-19. The coronavirus […]
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., […]
Four in five EU coal power plants unprofitable: Greece’s PPC faces EUR 596 million loss, Romania’s CE Oltenia EUR 567 million
Four in five EU coal power plants are unprofitable and utilities could lose EUR 6.6 billion this year alone, finds a new report from financial think-tank Carbon Tracker. Looking at the region, Greek utility PPC could lose EUR 596 million this year, Romanian utilities could lose EUR 567 with CE Oltenia alone facing losses of […]
Greece seeks to phase out coal by 2028, Ptolemaida V prospects unclear
Greece will adopt a new national energy and climate plan by the end of 2019 that will envisage the shutdown of all coal power plants in Greece by 2028, Prime Minister Kyriakos Mitsotakis said at the UN Climate Action Summit 2019. The plan will also call for expanding the share of renewables to 35% by […]
Greece to start shutting down coal power plants
A business plan being drafted by the management of majority state-owned Public Power Corporation (PPC) includes a “sweeping divestment” of its coal power plants in Greece, Ekathimerini writes. The plan to start shutting down PPC’s coal-fired power plants, which is expected to be ready by mid-November, is meant to be factored into the structural changes […]
Enel CEO in Romania proposed for PPC’s new chief
Georgios Stassis, who currently serves as CEO and country manager for Italian energy company Enel in Romania, has been put forward for appointment as new CEO of Greece’s ailing majority state-owned Public Power Corporation (PPC), the Greek media has reported. Stassis, who had been with the Enel Group since 2007, would replace Manolis Panagiotakis, who […]