Greece

Greece: Balancing market contributes 21% to earnings of electricity producers in 2023 Read More »

Greece: Balancing market contributes 21% to earnings of electricity producers in 2023

In 2023, the balancing market remained a crucial source of revenue for electricity producers, contributing approximately 21% of their total income, a trend expected to continue in 2024. Financially, the market generated €410 million last year, making up around 5% of the overall short-term electricity market. The balancing market consists of three main components: the […]

Greece to suspend electricity imports during Easter to protect grid stability Read More »

Greece to suspend electricity imports during Easter to protect grid stability

Greece will temporarily suspend electricity imports from Bulgaria, Albania, North Macedonia and Turkey during the upcoming Easter weekend, in a coordinated effort to safeguard its national grid. The restriction will be in place daily from 8 AM to 3 PM, spanning from Friday through Monday. The measure, organized by the Greek transmission system operator ADMIE

Greece and Italy prepare for seabed surveys to triple power link capacity Read More »

Greece and Italy prepare for seabed surveys to triple power link capacity

Preparatory work is underway for seabed surveys in advance of a major undersea electricity interconnection project between Greece and Italy. The initiative aims to boost the transmission capacity between the two countries from the current 500 MW to 1,500 MW. These exploratory surveys are expected to begin soon and will be crucial in shaping the

Region: Greece highlights importance of gas interconnector with North Macedonia for European energy resilience Read More »

Region: Greece highlights importance of gas interconnector with North Macedonia for European energy resilience

Dimitris Skalkos, Secretary General for International Economic Affairs at the Greek Ministry of Foreign Affairs, emphasized the strategic significance of the upcoming gas interconnector with North Macedonia, stating it will bolster the resilience of Europe’s energy system. His remarks were made during the 11th Ministerial Meeting of the Southern Gas Corridor Advisory Council and the

Greece to launch offshore oil and gas exploration tender near Crete following Chevron interest Read More »

Greece to launch offshore oil and gas exploration tender near Crete following Chevron interest

Greece is preparing to open a tender for offshore oil and gas exploration in the waters south of Crete by the end of April, Energy Minister Stavros Papastavrou announced at the 10th Delphi Economic Forum. The move follows a formal expression of interest from U.S.-based energy giant Chevron. Minister Papastavrou stated that the first government

Greece: Bio-LNG set for introduction as DESFA nears certification for Revythoussa terminal Read More »

Greece: Bio-LNG set for introduction as DESFA nears certification for Revythoussa terminal

The bio-LNG sector is gaining traction and is set to make its formal debut in the Greek market once DESFA, the country’s natural gas transmission system operator, secures certification for the Revythoussa LNG terminal, located near Athens. The certification process is expected to be completed by the end of the year. The approval will address

Greece: RWE and PPC to build 567 MW solar projects as part of clean energy push Read More »

Greece: RWE and PPC to build 567 MW solar projects as part of clean energy push

Energy giants RWE and PPC are advancing Greece’s clean energy transition through their joint venture, Meton Energy, which has made a final investment decision to proceed with the construction of two large-scale solar projects in Central Macedonia. The Kotyli and Neo Syrakio solar plants will have a combined capacity of 567 MW and are expected

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