Technological change

It encourages the use of renewable energy sources in the household sector with easier repayment – Read the annual energy savings and the payback period

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.

The Recovery and Resilience Plan is the "most ambitious program the European Union has ever conceived of planning and implementing," Environment and Energy Minister Thodoros Skylakakis said on Thursday, expressing satisfaction with the progress in its implementation and the loans envisioned under RepowerEU.

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.

At the forefront is an increased discount on electricity – A more comprehensive intervention for agricultural diesel is also being considered from 2025 onwards

Romania is facing a staggering reality as its electricity prices surge relative to purchasing power, revealed in a recent report by the Romanian Court of Accounts, disclosed by Digi24. In the EU, Romania witnessed the most substantial electricity price hike, soaring by a staggering 112.35% in the latter half of 2022.

On 6-8th February 2024, the international renewables investment conference Energy Week Black Sea will take place in Bucharest, Romania.

Well-known for its role in the gas industry, the Black Sea region will be once again brought together to foster the deployment of renewables and encourage the transition to secure, clean and affordable energy.

The rapid development of renewable energy sources and the strong interest in energy transition projects are driving the Greek electrical system to its limits, technically and economically, at surprising speed.

Net energy from renewables and large hydroelectrics in the first eight months of 2023 reached an all-time high of 16,683 gigawatt-hours, according to data from Greece's transmission system operator, ADMIE, processed by The Green Tank.

Helleniq Renewables, a wholly owned subsidiary of Helleniq Energy, has announced the acquisition of solar parks with a total capacity of 180 megawatts from the UK's Lightsource near Kozani, in northern Greece.

Helleniq Renewables plans to expand its renewable energy capacity from the current 356 MW to 1 GW by 2025, and over 2 GW by 2030.