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Greece has begun the new year with approvals for 240 MW of wind and solar projects. Terna Energy has received the go-ahead to build two solar parks with a combined capacity of 37.6 MW, while Energy Vorsana UAE has been given permission for a 81-MW wind project in the region of Eastern Macedonia and Thrace. Additionally, North Solar 1 has been authorised to install a 96-MW PV complex in Thessaly region. Two smaller-scale wind projects, a 21-MW scheme in Boeotia region and a 6-MW wind farm in Epirus region have also been approved. What Impact Will the 240 MW Wind and Solar Projects in Greece Have? Greece is making great strides in renewable energy, with the recent approvals of two solar parks and two wind projects. The two solar parks will have a combined capacity of 37.6 MW, while the wind projects will have a combined capacity of 87 MW. With the new projects, the total amount of renewable energy capacity in Greece is expected to increase significantly. This increase in renewable energy capacity will help Greece to transition away from fossil fuels and reduce its carbon footprint. The new projects will also provide much-needed jobs and economic opportunities for the local communities. The projects will also help Greece to become more energy independent, as it will no longer have to rely on imported energy sources.

Karatzis Group to procure electricity from 210 MW of solar park projects in Greece. The deal covers 80% of the portfolio's overall capacity, including 35

Greece's Regulatory Authority for Energy (RAE) has allocated 411.8 MW of projects from 93 proposals, exceeding the 400 MW target for this first standalone BESS (Battery Energy Storage System) tender. Financial aid for investment and operation is being given to 12 projects from 7 developers, valid over a period of 10 years and with a weighted average tariff of EUR 49,748 per MW. The projects are expected to be operational by the end of 2025. What Was the Result of Greece's BESS Tender? The tender provides a unique opportunity for Greece to make the most of its Renewable Energy Sources (RES) and energy storage systems (ESS) in a way that is economically beneficial. The total capacity awarded was 411.8 MW, exceeding the target of 400 MW. The projects will be spread across 14 regions and they will be operational by the end of 2025. The financial aid for investment and operation will be given to 12 projects from 7 developers, with a weighted average tariff of EUR 49,748 per MW. The tender is expected to push the development of renewable and energy storage technologies in Greece, and increase grid stability. The successful bidders will receive a premium for the energy stored in their batteries and used to cover peak demands. The tender is part of a larger strategy to increase the share of renewable energy sources in Greece’s energy mix. The result of the BESS tender is that Greece will benefit from a greater number of renewable energy sources, more energy storage capacity, and increased grid reliability.

construction of a 70-MWp solar photovoltaic park in the Peloponnese region of Greece, increasing its total wind and solar power capacity in the country to over 400

it has obtained 2 important portfolios of wind and solar growth projects in Greece. The Swedish renewables developer said that the combined capacity of the two

a 4.48-MW solar photovoltaic plant in the Central Macedonia region of Greece for EUR 7.7 million (USD 8.4m). The new PV park is located in the municipality

and PPC have agreed to invest EUR 196 million in three solar parks in Greece's Western Macedonia region, known as the Amynteo Cluster II. The 280 MW project will

financing for the construction of a 691 MW/730 MWp solar project portfolio in Greece. The projects, to be completed next year, will be funded by

environmental approval to construct a 260-MW solar photovoltaic (PV) park in Greece's Western Macedonia region. The permit was granted by the Ministry of the

Action Summit in New York has produced at least some concrete results, with Greece’s prime minister and the Hungarian president announcing their countries will

and 547 Energy have gotten into a partnership and the RAE award in Greece. This would give them a 20-year long PPA for 135 mega wats of wind energy systems in

acquire 49% of the share capital of a Greek company that owns two companies in Greece, which are each in the process of creating solar plants of 240MW and

mine location of Amyntaio in the Western Macedonia area in the north of Greece. The financial investment decision for them and also one more two solar power

Greece's Regulatory Authority for Waste, Energy and Water (RAAEY) has launched a tender for 200 MW of renewable energy projects in Bulgaria and Italy. The tender is open to solar projects with 1 MW capacity and wind schemes with 6 MW capacity. Successful bidders will be able to sell their output in the Greek day-ahead market on a daily basis. The tender will close on March 11, 2024 with the list of winners to be announced on April 25. The deadline for commissioning the capacity for wind projects is 36 months while for solar projects it is 30 months. This initiative is part of a law that promotes the development of energy projects in the European Economic Area. What Projects Can be Tendered in Greece's Renewable Energy Initiative? Offshore wind projects of up to 6 MW capacity in Greece are also eligible for the tender. Projects connected to the grid of Greek Transmission System Operator, IPTO, can also be tendered. Technology-neutral competitive tenders for biomass projects of up to 50 MW capacity in Greece can participate in the tender. Biomass projects should be located in the Greek mainland or islands and should be ready to operate within 24 months. Participants can also tender for hydroelectric projects of up to 10 MW capacity in Greece. The hydroelectric projects should be ready to operate within 18 months. Small-scale solar projects with a capacity up to 1 MW are also eligible for the tender. The solar projects should be located in the Greek mainland and should be ready to operate within 12 months. Projects that use geothermal energy with a capacity of up to 5 MW are eligible for the tender. The geothermal projects should be located in the Greek mainland and should be ready to operate within 24 months.

by the Independent Power Transmission Operator (ADMIE), the outcome of Greece's sustainable power fleet reached an all-time high of 3,106 MW and exceeded