PPC Group reported a net income of 200 million euros for the first half of 2025, up from 180 million euros in the same period of 2024. Adjusted EBITDA reached 1 billion euros, reflecting a 7% year-on-year increase. Total capital expenditures amounted to 1.3 billion euros, with approximately 90% allocated to renewable energy, flexible generation, […]
ICGB, the independent operator of the Greece-Bulgaria gas interconnection (IGB pipeline), has obtained a construction permit for the first phase of its capacity expansion project. This phase involves upgrading the Stara Zagora metering station in Bulgaria, increasing its throughput capacity from 3 to 5 billion cubic meters per year. With the permit secured, ICGB can
Greece sees 28% surge in new gas connections in first half of 2025 Read More »
New natural gas connections in Greece rose by 28 percent in the first half of 2025 compared to the same period last year. Thessaly led the growth with a 48 percent increase, followed by Thessaloniki at 42 percent. Other regions averaged 30 percent growth, while the greater Athens area recorded a more modest 12 percent
While energy markets across Europe have begun to stabilize following the disruptions of 2021 and 2022, Greece continues to experience electricity prices well above the European Union average. This ongoing disparity has drawn attention from EU officials, including Energy Commissioner Dan Jørgensen, who acknowledged the issue and suggested that European support may be considered. The
Over the past 18 months, Greece’s electricity distribution system operator DEDDIE has integrated more than 20,000 new solar installations into the national grid. This has brought the total number of self-generation renewable energy systems in the country to 35,312, with a combined installed capacity approaching 995 MW. Out of the total, 20,347 systems were connected
Greece has reaffirmed its determination to eliminate dependence on Russian natural gas, which still made up 43.7 percent of its gas imports in the first half of 2025. However, Athens has set three firm conditions: energy prices for consumers must not rise, there must be no pathway for Russian gas to reenter the European Union
By the end of 2025, Greece is set to commission three significant gas infrastructure projects that will strengthen its position as an energy hub in southeastern Europe. According to DESFA, the country’s natural gas transmission system operator, two new compressor stations located in Komotini and Ampelia, along with a high-pressure pipeline serving western Macedonia, will
Greece: Wind power capacity surpasses 5.5 GW in first half of 2025 Read More »
Wind energy capacity in Greece reached 5,507 MW by June 30, 2025, according to the Hellenic Wind Energy Association (ELETAEN). This milestone follows the addition of 37 new turbines and 152.2 MW of capacity in the first half of the year, supported by around €180 million in investment. ELETAEN noted that the annual growth rate
Region: North Macedonia begins construction on Greece gas interconnector Read More »
North Macedonia has started building its portion of the natural gas interconnector with Greece, a project valued at around 60 million euros. The new pipeline will cover approximately 66.7 kilometers across North Macedonian territory and is expected to initially transport 1.5 billion cubic meters of gas annually. Its design allows for future capacity doubling, strengthening
Greece: Gas demand and exports surge in first half of 2025 amid rising LNG imports Read More »
In the first half of 2025, domestic natural gas consumption in Greece rose by more than 12%, reaching 34.59 terawatt-hours (TWh), up from 30.78 TWh during the same period in 2024. When exports are included, total gas demand jumped nearly 20% to 37.45 TWh, compared to 31.22 TWh a year earlier. Gas exports through the
