Greece was a net energy exporter in 2024 for the second time since 1990, while clean energy (renewable energy and large hydropower) covered just over half of the country’s demand (50.2%), writes Ekathimerini. Electricity demand rose by 5.5% compared to 2023, after two consecutive years of decline, according to a Green Tank study, with the […]
The European Investment Bank (EIB) is lending the National Bank of Greece (NBG) €250 million to increase support for green investments made by Greek small and medium-sized enterprises (SMEs) and Mid-Caps. The agreement raises the total intermediated lending made available through this EIB facility to back decarbonization investment by smaller Greek companies to €1 billion. […]
U.S. company Chevron has expressed interest in exploring for hydrocarbons in Greece, in an area of the sea between the southwestern Peloponnese peninsula and the western island of Crete, the Greek energy ministry said on Monday, according to Reuters. The ministry added in a statement that it would issue a decision this week on the […]
Greece and Cyprus have signed a memorandum of understanding to continue the construction project of an undersea power cable connecting mainland Europe to the Eastern Mediterranean, the energy ministries of the two countries said on Saturday, according to Reuters. The Great Sea Interconnector (GSI) cable will link Europe’s electricity transmission networks to Cyprus, in a […]
The Prime Minister of Greece, Kyriakos Mitsotakis, asked the European Union to respond urgently to the explosion of electricity prices in Central and Eastern Europe, which, according to officials in Athens, is aggravated by Russian attacks on energy infrastructures in Ukraine, reports Reuters. In a letter sent to the European Commission, and consulted by Reuters, […]
Greece’s Energy Minister Theodore Skylakakis said on Monday that the EU’s single electricity market was not working for Southeast Europe, adding that he would work with Romania and Bulgaria to find a permanent solution to exploding electricity prices in the region. informs Reuters, transmits Agerpres. Greece gets almost half of its electricity from photovoltaic and […]
Greece is launching an initiative to form a common front with the Balkan countries of the European Union on electricity prices, as their dramatic rise, first seen in south-eastern Europe in July, appears to be more than temporary, but tends to become permanent and its effects cannot be combated by government subsidies, writes the Greek […]
The newest terminal in Greece, the one at Alexandropoulis, is still delaying the start of commercial operations, but that’s not the worst: in the conditions that there is not much LNG coming into the already operational facility at Revithoussa, which is “far from full ”, Greece stops new terminal projects – Transgaz was also involved […]
Intrakat has undertaken a new hydraulic project, which promises to modernize the water management process in one of the country’s most important water departments and contribute to the revitalization and sustainable development of Western Greece. This is the contract “Water improvement projects of the lakeside areas of Amvrakia – Amfilochia and Valtos Phase I of […]
Greece’s Independent Electricity Transmission Operator (IPTO), counterpart to Transelectrica, has announced the suspension of all daytime electricity imports until May 7. According to the official IPTO announcement, quoted by the specialized media, the import capacity in the interconnections with Italy, Albania, North Macedonia, Bulgaria and Turkey will be zero from 8:00 a.m. to 5:00 p.m. […]
