Greece

Greece falls behind in offshore wind development despite early promise Read More »

Greece falls behind in offshore wind development despite early promise

Three years after Greece passed legislation to kickstart offshore wind farm development, progress remains minimal, leaving the country increasingly lagging behind other European nations in this fast-growing sector. Greece was initially recognized for its exceptional offshore wind potential, especially in the Mediterranean region. However, no tangible steps have been taken to harness this advantage. Early […]

Greece advances energy infrastructure with launch of Attica-Crete electricity interconnection Read More »

Greece advances energy infrastructure with launch of Attica-Crete electricity interconnection

Greece has taken a major step forward in its energy infrastructure by launching the Attica-Crete electricity interconnection, marking a transformative moment for Crete, the country’s largest island. This milestone goes beyond technical achievement — it reshapes Crete’s role within the national energy network. The interconnection, developed by Ariadne Interconnection, a subsidiary of the Greek electricity

Greece: May GOs auction sees full allocation despite lower prices and holiday timing Read More »

Greece: May GOs auction sees full allocation despite lower prices and holiday timing

The May guarantees of origin (GOs) auction, held on 8 May, concluded with all available certificates sold, despite lower prices and scheduling challenges. The auction, organized in separate rounds for solar and wind energy, offered GOs linked to renewable electricity generated in the last quarter of 2024 from installations that began operating after 1 January

Greece: PPC Group reports €450 million adjusted EBITDA in Q1 2025 amid seasonal challenges Read More »

Greece: PPC Group reports €450 million adjusted EBITDA in Q1 2025 amid seasonal challenges

PPC Group has published its financial results for the first quarter of 2025, reporting an adjusted EBITDA of 450 million euros. The figure reflects the impact of seasonal factors, particularly unfavorable weather conditions in Greece and Romania that reduced renewable energy output. Lower rainfall and weak wind conditions led to a decline in generation across

Greece: Alpha Bank backs €316 million solar power investment Read More »

Greece: Alpha Bank backs €316 million solar power investment

Greek Alpha Bank has committed to financing the construction of four new solar power plants in Greece, with a total capacity of 267 megawatts. These projects will be developed by local subsidiaries of the investment fund managers Foresight and Mirova. The financing package, coordinated solely by Alpha Bank, includes support from Greece’s Recovery and Resilience

Greece: Unpaid electricity bills in soar to €3.4 billion amid rise in strategic defaulters Read More »

Greece: Unpaid electricity bills in soar to €3.4 billion amid rise in strategic defaulters

In 2024, unpaid electricity bills in Greece surged by nearly 40% compared to the previous year, reaching a total of 3.4 billion euros, according to the energy market regulator RAAEY. This marks a sharp increase from the 2.4 billion euros recorded in 2023, underscoring the growing difficulties faced by both households and businesses in meeting

Greece: Alexandroupoli LNG terminal to resume partial operations in August after technical repairs Read More »

Greece: Alexandroupoli LNG terminal to resume partial operations in August after technical repairs

Gastrade, the operator of the Alexandroupoli LNG terminal, has announced that regasification services have been suspended since late January due to a technical malfunction. The issue was caused by damage to the booster pumps on the Floating Storage and Regasification Unit (FSRU). The company has undertaken extensive repairs to resolve the problem. Repair efforts have

Greece set to exceed 2030 renewable energy goals with 34 GW capacity Read More »

Greece set to exceed 2030 renewable energy goals with 34 GW capacity

Greece is on track to significantly exceed its official 2030 renewable energy capacity target, with projections indicating that total installed capacity will reach approximately 34 gigawatts. This figure surpasses the 24.7 gigawatt goal outlined in the country’s National Energy and Climate Plan (NECP). The projected expansion includes a broad mix of renewable sources such as

Greece: Uncertainty grows around Crete–Cyprus electricity link amid geopolitical and financial pressures Read More »

Greece: Uncertainty grows around Crete–Cyprus electricity link amid geopolitical and financial pressures

The future of the major submarine electricity interconnection between Crete and Cyprus, known as the Great Sea Interconnector, is now uncertain due to financial difficulties and geopolitical tensions. In response, Greek authorities and the transmission network operator ADMIE are considering an alternative plan to redirect the under-construction cable to the Aegean Sea. The situation developed

Region: Italy and Greece to build new undersea power interconnector Read More »

Region: Italy and Greece to build new undersea power interconnector

Italian electricity transmission operator Terna and its Greek counterpart ADMIE have signed an agreement to construct a new undersea electricity interconnector between the two countries. The project, valued at nearly 2 billion euros, is intended to strengthen the energy link between Italy and Greece and improve the resilience of the European electricity network. The decision

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