Stake in Greece’s distribution grid sells for €2.1bn
The state-owned electric utility has agreed to sell 49% of its shares in the grid. The sale is expected to boost the country’s transition to a greener and smarter energy system.
Renewables powered island can be an outlier for the Greek archipelago
The Greek Ministry of the Environment and Energy has signed a memorandum of understanding with a clutch of private companies to turn the small Aegean island of Halki green as a demonstration of the effectiveness of its planned GR-Eco Islands Initiative.
Greece’s recovery plan to invest €10bn in clean energy
The Greek government has published its plan for a post-Covid economic recovery. The strategy aims to mobilize at least €10 billion towards the green energy sector, with the prospect of further EU loans on top.
Greece plans 350 MW solar-wind tender in May and a further 2.1 GW to 2024
The national energy regulator has announced the country will host its third joint solar-wind tender and the energy ministry separately confirmed the procurement timetable will continue until 2024, auctioning an additional 2.1 GW of solar and wind power capacity via another six auctions.
Greece to overhaul licensing regime which puts the brakes on solar
The energy ministry has published a plan to radically simplify the renewable energy permitting process. The new system is expected to come into force as early as next month and will be applied retroactively to address a 22-month backlog in generation license applications.
Chinese trade visit presages big investment in Greece’s energy infrastructure
Beijing already owns 24% of Greece’s electricity transmission system operator and has pledged to back a new Greece-EU funded interconnector to Crete which is set to open up more possibilities for solar on the island. The arrival of two of China’s biggest lenders also offers the prospect of new investment in renewables.
Greece and Hungary pledge to phase out coal
Athens-based policy group The Green Tank labelled Greece’s decision “historic” while Europe Beyond Coal, an alliance of civil society groups working to make Europe coal free by 2030 said Hungary should target a more ambitious 2025 phase-out.
Greek-German governments agree on 10-year green investment plan
Greece’s prime minister visited the German chancellor yesterday in Berlin and reached an agreement to set up an investment strategy that encompasses renewable energy.
PV license fever in Greece continues
Applications to generate electricity from solar plants continue to surge, reflecting the sector’s revival in the country.
There may be a sunny outlook for Greece
The nation elected a new government yesterday, awarding a clear majority to the pro-EU New Democracy party. What could that mean for Greece’s solar sector?
