Photovoltaics

Development Minister Kostas Skrekas said the reindustrialization of the country is a priority for the government during his visit on Friday to the Aluminium of Greece factory in Viotia.

The Greek national electricity company, PPC, has announced plans to acquire 500 megawatts of photovoltaic capacity in Bulgaria. This acquisition forms part of a broader project aimed at developing 90 installations with a combined capacity of up to 2,000 megawatts across Italy, Bulgaria, Croatia, and Romania.

Mytilineos Energy & Metals said on Tuesday that it has signed a 210-megawatt long-term power purchase agreement (PPA) with Karatzis SA for the green energy produced by a 262 MW solar portfolio.

According to the announcement, Mytilineos will be able to offtake 80% of the energy produced, further enhancing its green supply basket.

A remarkable shift in Bulgaria's energy landscape has been unveiled in the latest report from the Commission for Energy and Water Regulation, submitted to the Bulgarian parliament. The data reveals a staggering increase of over 140% in electricity production from photovoltaic plants, accompanied by a significant decline in output from coal-fired power plants in the year 2023.

The Energy Ministry is preparing emergency measures to shield the grid and avoid blackout phenomena, as it has been found that transient events such as a lightning strike or smoke from a fire could even lead to a general blackout.

The Ministry of Environment and Energy will try to bring some sense to the soaring market of photovoltaic parks, before the new technology is burnt out by extravagant projects by controversial investors in the country.

Floating solar panels have the potential to give a huge boost to Türkiye's installed electricity capacity, according to a top official from the Energy and Natural Resources Ministry.

Public Power Corporation SA on Thursday announced the completion of the signing of the syndicated financing of Phoibi Energiaki Sole Shareholder SA, a subsidiary of PPC Renewables, within the framework of the National Recovery and Resilience Plan, Greece 2.0, with Eurobank acting as coordinator and Eurobank and Piraeus Bank as co-organizer.

Cyprus' Ministry of Energy, Trade and Industry is set to revolutionize Cyprus' housing landscape with a groundbreaking "Grant Scheme for Renewable Energy and Energy Saving in Housing 2024-2025."

Underscoring the nation's commitment to sustainability, stakeholders are invited to provide valuable input during the consultation process. 

"Green" power tariffs will range between 13.6 and 17 cents per kilowatt-hour in January, according to the announcements of electricity suppliers.