Surge in investor interest in renewable energy source – the gold rush of our times?

POWERED BY ZEPOS & YANNOPOULOS

Over the last couple of years, Greece has seen an unprecedented investment surge in RES projects, both by domestic and foreign investors, including some of the most prominent entities in global energy. In December 2020, during the last application round, a record 1,864 new applications totaling a capacity of 45.55 GW were submitted to the regulator. That's in addition to the capacity already submitted in previous rounds, still pending to be awarded. To put it into perspective, this capacity is only 9 GW shy of the RES penetration targets set by the 2019 National Climate and Energy Scheme for 2030.

The boom is driven by a number of factors, none more important than the current measures introduced to expedite the energy transition scheme. Indeed, the scheme has set ambitious goals: 35% energy RES participation in gross...