Greek Ministry of Environment and Energy

The need to regulate output arises from Greece’s rapidly growing reliance on renewable energy sources—mainly solar and wind—which places the country among the global frontrunners in green energy use.

The subsidies for energy storage projects are designed to encourage efficiency, says a Ministry source.

This development follows Chevron’s recent interest in an offshore area south of the Peloponnese, a move that was reaffirmed today and has already been approved by the ministry.

Greece's Natura 2000 areas lack legal protection as only 5 of 23 Special Environmental Studies are approved, delaying land-use plans and urban development.

"It is possible that within the year, we will see the first exploratory drilling, most likely in the Crete region, which will give us an initial picture of potential hydrocarbon deposits," Sdoukou emphasized.

Greek government announces emergency subsidies for February to combat rising energy costs.

The grants will cover up to 100% of the cost of heat pumps, or a maximum of 35,000 euros.

The agreement is expected to be signed by Greece's and Israel's ministers of energy during a meeting in Athens on Tuesday, according to unconfirmed media reports. The focus will be on broad energy collaborations, including the Great Sea Interconnector project.

Greece is set to begin demolitions of illegal structures, funded by €2M from the Green Fund. New buildings, especially those built post-2024, are first in line.

The urgent discussion comes as the government grapples with a dramatic "price hike rally" in electricity costs, which saw the price of a megawatt-hour skyrocket by 200% in just one week.

Greece’s Energy Ministry is pushing legislation to accelerate the construction of the first floating wind farms in Greek seas

The forest of Schinias is regenerating itself, mounds of dead seagrass are combating beach erosion and 26,000 kg of trash have been removed, but societal pressure for easy beach access remains high

The next tranche of Greek government aid for citizens to help them reduce energy costs at home through the program "Save 2024" is expected to be launched in the second half of 2024 and will also target emissions.

The clustering of buildings reduces the necessity for new infrastructure development; thereby minimizing environmental harm noted the same ministry official.