Energy development

In 2022, renewable energy sources (RES) made up 41.2% of gross electricity consumption in the EU, Eurostat said on Wednesday.

The negotiations between the GEK Terna group and investment funds of Arab interests, which are now in the driver's seat for the acquisition of Terna Energy, are on a good track, Kathimerini understands.

Greece is poised to emerge as a pivotal player in the Southeast European energy market, driven by new energy interconnections, infrastructural developments, and strategic acquisitions.

The development of cross-border interconnections that make Greece an energy hub for Southeastern Europe was highlighted by Deputy Minister of Environment and Energy Alexandra Sdoukou in her address at the ministerial Conference of the International Energy Agency (IEA) on Monday and Tuesday in Paris.

More than 250 million euros from the European Regional Development Fund (ERDF) will finance the first stage of high-voltage electricity infrastructure between the island of Crete and the Attica region, the European Commission announced on Thursday. 

Bulgaria's Finance Minister, Asen Vassilev, engaged in discussions with Scott Nathan, the executive director of the U.S. Development Finance Corporation (DFC), during his visit to Washington.

Domestic industries have to fight an unequal battle compared to their European competitors to maintain production, which is affected by the increased costs of the energy transition and competition from third countries.

A total of 730,000 households will be supported for two months as part of the targeted financial aid announced by Environment and Energy Minister Thodoros Skylakakis, government spokesperson Pavlos Marinakis said on Monday during a press briefing.

Bulgarian Ministers Rumen Radev of Energy and Assen Vassilev of Finance recently engaged in high-level talks with US Secretary of Energy Jennifer Granholm in Washington, D.C., focusing on critical energy issues. The meeting underscored the importance of bilateral cooperation in nuclear technology, energy diversification, and enhancing energy security.

The second phase of the Exoikonomo 2023 funding program begins on Wednesday, with a total budget of 110 million euros and with exclusive beneficiaries for energy-vulnerable households.