Greece

Greece: Public call for solar power plant installation in family homes opens 6 June Read More »

Greece: Public call for solar power plant installation in family homes opens 6 June

The Environmental Protection and Energy Efficiency Fund has announced a new public initiative to support the installation of solar power plants on family homes. Starting 6 June, eligible homeowners can apply for co-financing to help cover the costs of installing photovoltaic systems for personal electricity use. This initiative targets the installation of solar power systems […]

Greece: Electricity prices rise for households despite wholesale market drop Read More »

Greece: Electricity prices rise for households despite wholesale market drop

Electricity providers in Greece have announced price hikes of up to 17% for May, even as wholesale electricity prices continue to decline. The average wholesale price fell by around 16% last month, dropping to €89 per megawatt-hour, yet retail rates—particularly on green tariffs—have risen significantly. Green tariffs, which are used by approximately 72.4% of households

Region: North Macedonia awards contract for gas interconnector with Greece Read More »

Region: North Macedonia awards contract for gas interconnector with Greece

North Macedonia’s state-owned gas transmission operator, Nomagas, has signed a contract with local construction firm Rapid Build to construct the country’s portion of a new natural gas interconnector with Greece. The project involves building a 68-kilometer pipeline, valued at €83.7 million. Energy Minister Sanja Bozinovska announced the deal, highlighting its strategic significance for regional energy

Greece: PPC advances 490 MW solar project at former Megalopoli coal site Read More »

Greece: PPC advances 490 MW solar project at former Megalopoli coal site

Greece’s Public Power Corporation (PPC) has launched the second phase of its major 490 MW solar power project in Megalopoli, marking a significant step in the country’s transition from coal to renewable energy. Located in southern Greece, the site was formerly home to one of the country’s key lignite mining operations, now being repurposed as

Egypt-Greece electricity interconnection project reaches key milestone with EBRD grant agreement Read More »

Egypt-Greece electricity interconnection project reaches key milestone with EBRD grant agreement

A significant step forward has been made in the development of the Egypt-Greece electricity interconnection (GREGY) project, with the signing of a grant agreement between the European Bank for Reconstruction and Development (EBRD) and ELICA Interconnector, a subsidiary of the Copelouzos Group. This milestone is a key element in strengthening Europe’s energy security and advancing

Greece: MORE launches 43.2 MW wind farm as part of ambitious renewable energy expansion Read More »

Greece: MORE launches 43.2 MW wind farm as part of ambitious renewable energy expansion

Motor Oil Renewable Energy (MORE) has officially begun regular operations at a new 43.2 MW wind power plant located in northern Greece, near the border with North Macedonia. The facility, equipped with nine Nordex N-149 turbines, had previously entered its testing phase in late 2023. This project forms part of MORE’s larger strategy to significantly

Greece announces targeted winter electricity subsidies for one million businesses Read More »

Greece announces targeted winter electricity subsidies for one million businesses

On October 25, the Ministry of Environment and Energy announced a new framework for electricity subsidies aimed at supporting approximately one million businesses across Greece. The measure will cover the period from December 1, 2024, to February 28, 2025, and is intended to offset average electricity price increases during the winter. The subsidies apply to

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

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