Renewable energy

The Ministry of Environment and Energy is opening the way to reduce energy costs for vulnerable households, local authorities, municipal water supply and sewerage companies etc with a legislative regulation for the implementation of the Apollo program.

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

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.

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 European Commission informed the Greek electricity provider Public Power Corporation (PPC) on Wednesday of its preliminary view that PPC has breached EU antitrust policy by selling electricity in the Greek wholesale market below cost, thereby excluding its main rivals.

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.

France's TotalEnergies is exploring a sale of a 50% stake of a portfolio of renewable projects in Europe and the US, including Greece,according to two people familiar with the matter.

The French energy group is sounding out advisers for a sale of a stake in wind and solar power assets across the US, Spain, Portugal, France and Greece, the sources said.

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.

Prime Minister Kyriakos Mitsotakis on Wednesday visited the construction site where the Amfilochia pumped storage energy unit in northwestern Aetolia-Acarnania is being built, which is the biggest large-scale energy storage investment in Greece.

Greece hit a record high in wind, solar and hydroelectric energy output last year, power grid operator ADMIE said on Tuesday, as the country seeks to become an exporter of green energy to northern countries.