Regulatory Authority for Energy
Investors keen on solar power projects in Greece
Investment prospects in the renewable energy sector look promising. From December 1-18, 1,500 applications for projects representing 15 gigawatts of power were submitted to the Regulatory Authority for Energy (RAE) and 20 GW could be reached by today's deadline.
Most applications were from foreign companies and funds.
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Water reserves at risk over power requirements
The power market's new operating model has led to serious collateral damage in Public Power Corporation's hydroelectric reserves that may affect the water supply of Thessaloniki in northern Greece next summer.
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RES account shows deficit
The special account for renewable energy sources, through which green power producers are paid, is showing a 423-million-euro annual drop in revenues.
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Terna Energy acquires Evia wind parks
Terna Energy has completed the acquisition of the RF Energy Omalies SA wind power company in a move that signals a new generation of investments in both the sector of renewable energy sources and the energy sector in general.
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Accusol to power Greek islands
The Regulatory Authority for Energy (RAE) has approved the first few licenses for the production of electricity through hybrid systems, opening the way for the processing of some 170 applications it has received.
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ADMIE wants power rate hike
In the next few days the Independent Power Transmission Operator (ADMIE) is expected to submit a demand to the Energy Ministry and the Regulatory Authority for Energy (RAE) for the extraordinary revision of the weighted average cost of capital (WACC) - which will mean power rate hikes for consumers - after realizing that the reduction of corporate tax from 29 to 24 percent will have an impact o
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Consumers don’t trust power suppliers
Consumers do not trust alternative electricity providers as they see a lack of transparency in contractual terms, advertising and bills, especially as far as offers and their general presentation are concerned, according to the Quality of Life Consumers Association (EKPIZO).
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Power theft amounts to 300 mln euros per year
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Highway operators stand in the way of wind turbine installations
Investors in renewable energy sources are facing fresh obstacles at a time when the government is setting the development of the sector as a priority, with the Energy Ministry shifting its target regarding the share of RES in total energy production in 2030 from 31 percent, as provided for in the National Plan for Energy and the Climate, to 35 percent in the revised blueprint.
Copelouzos group gains foothold on Greek gas grid operator DESFA
The Copelouzos energy group has gained a foothold in Greek gas grid operator DESFA through the acquisition of a minority stake in European consortium Senfluga.