Renewable energy sources

The project is being implemented by TERNA, the construction arm of the GEK TERNA Group

This strategic move highlights both groups' commitment to advancing Greece's offshore wind energy sector and achieving the nation’s clean energy goals.

Power Purchase Agreements (PPAs) are long-term contracts between renewable energy producers and large corporations seeking to secure electricity at stable prices in a sustainable manner.

Clean energy met over half of Greece's electricity demand in the first 9-months of 2024, but there was also an increased use of fossil gas and oil to cover rising consumption.

Pavlos Mylonas spoke at the annual Energy conference, co-organized by the Greek-American Chamber of Commerce and the Hellenic Association for Energy Economics at the Thessaloniki Trade Fair (TIF)

Greece performed excpetionally according to the biannual EY Renewable Energy Country Attractiveness Index (RECAI), a report that assesses the investment and deployment opportunities in 40 of the world’s top markets

Greece's PM has opened discussions to examine the prospects of small modular nuclear reactors in the country

The wind farm “Erimia” is located at the town of Malesina in the administrative region of central Greece, with a 35W power capacity

Wind and solar power have become so economically viable that they're now unprofitable for investors, but a boon for Greek families and businesses.

Some of the areas of interest explored included possible collaboration on wind turbines in the Aegean Sea, further tourism cooperation following the visa express

Greece is second only to Chile (20%) in terms of the production of photovoltaics, and the share of solar production in the electricity mix with 19%

The plan targets a significant reduction in natural gas consumption but keeps gas-fired units almost unchanged

The last time such an intra-day event occurred for so many hours in the Greek stock market was on May 28, 2023.

Renewable energy sources in the country for 2022 generated 43% of electricity demand

Reports claimed the refinery group was interested in Helektor, a waste management and power generation company

Their aim is to maximize the returns provided by specific renewable energy projects. This portfolio, as reported by foreign media, is valued at approximately $2.5 billion

The hydro-pumped storage project is located in Amfilochia and includes 680MW production and 730MW pumping/storage

The announcement was made by the President and CEO of PPC, George Stasis at Capital Markets Day in London

The figures were released by Fraunhofer Institute for Solar Energy Systems ISE