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Greece and Hungary pledge to phase out coal
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
Sep 27, 2019 // Markets & Finance News, Policy, USA, Greece, Hungary, Trump, Europe, North America, coal, George Stassis, The Green Tank, János Áder, Kyriakos Mitsotakis’, Nikos Mantzaris
Enora and 547 Energy Secure 135 MW Wind Energy Systems in Greece
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
Dec 21, 2019 // Plants, Large-Scale, Commercial, Markets & Finance News, Greece, Europe, 547 Energy, Enora, Wind Energy
Mt Athos mini-grid shows Greece the way forward
Athos, in Greece is a peninsula home to a unique center of Eastern Christian Orthodox monasticism.  The peak hosts 20 monasteries – 17 of them Greek
Dec 23, 2019 // Storage, Grids, Policy, Greece, Europe, Mt Athos, mini-grid
EBRD to Support Largest Renewable Energy Project in Greece
the largest renewable energy project in Greece and also the largest solar power project in south-eastern Europe to day, the European Bank for
Oct 8, 2020 // Markets & Finance News, Greece, EBRD, Europe, International, Solar Project, Harry Boyd-Carpenter
First floating solar power plant project started in Greece
open actors coal mines as well as thermal nuclear power plant of 3.5 GW in Greece with green power capability. It submitted documentation for 650 MW with the
Dec 23, 2020 // Plants, Floating PV, Greece, floating PV, Europe, PPC Renewables
Greece to expand renewables portfolio with five new solar projects
power to power 10,000 residences. The projects are located in central Greece and will certainly also minimize ca. 23,000 tons of CO2 from the discharges to
Nov 16, 2020 // Plants, Large-Scale, Commercial, Greece, Europe, solar projects, Giles Clark
Greece to mount 3 GW of solar in mining areas
Greece has actually revealed strategies to set up 2 big solar PV parks at extracting websites. The financial investment will certainly originate from the nationwide electrical utility as part of its brand-new method, in accordance with Greece's initiatives to eliminate coal. The Greek solar market has actually gone back to development using a collection of tenders, as private stars significantly accept PV innovation to decrease prices as well as reach their sustainability criteria. And also a current wave of main statements pertaining to the growth of solar PV projects in the nation's mining areas has actually additionally begun to control headings. The objective is to set up an enormous 2 GW solar project in Ptolemaida (Kozani), north Greece, as well as one more 1 GW photovoltaic park on the Peloponnese Peninsula, southerly Greece. Building is readied to begin by as very early as following year. Mega-solar strategies Greece's atmosphere and also power priest, Kostis Hatzidakis, made an official news last weekend break when fulfilling regional stakeholders in Ptolemaida, in Greece's Macedonia area. The priest stated Greece's Public Power Corp. (PPC) would certainly relocate "quickly" to mount a 2 GW solar PV plant in the area, which is recognized for lignite mining. Pay Per Click CEO George Stassis validated that the state-owned utility had actually sent an application to the Greek power regulatory authority, RAE, for a producing permit for 1.5 GW of PV capability in Ptolemaida in December. Nonetheless, pv magazine has actually discovered that PPC additionally prepares to mount an added 1 GW of solar PV capability in Megalopoli, which additionally has mining websites as well as a coal-fired nuclear power plant. Simply Transition The step belongs to Greece's initiatives to terminate coal from its electrical power system by 2028. Hatzidakis informed regional stakeholders in Ptolemaida that the federal government will certainly assist the area change to a brand-new financial version, without counting on the exploitation of nonrenewable fuel sources. The huge 2 GW photovoltaic park is likewise part of the federal government's strategy to develop brand-new work in the area as it shifts to a coal-free future. The Greek federal government has actually asked for the technological help of the European Commission, the European Investment Bank (EIB), and also the European Bank for Reconstruction and also Development (EBRD) to create a brand-new financial version for the nation's mining areas. Greece's mining communities will certainly additionally be sustained by the European Union's Just Transition Mechanism, which becomes part of the bloc's Green Deal. It will certainly activate funds to sustain employees as well as people of the areas that will certainly be most impacted by the change to a coal-free future. The federal government's strategies are motivating, however it is dissuading that to day regional stakeholders (that is, community councils in the mining areas) have actually been not able to prepare any kind of significant propositions. Need to this proceed, the shift to a post-lignite period will certainly need to occur with a top-down technique. The Greek arm of the World Wide Fund (WWF) has actually generated a docudrama that discovers the EU Just Transition in Greece. The docudrama, that includes English captions, is offered through this web link. Financial feeling Aside from the ecological inspiration, Greece's plan choice to eliminate its state-owned lignite fleet likewise makes financial feeling. The PPC is shedding millions every year by running uneconomic lignite systems and also the firm is running a big shortage. Unless it folds its lignite company, the PPC is established for personal bankruptcy. The brand-new Greek federal government chosen in July has actually designated George Stassis to change the PPC as well as update its out-of-date company approach. Part of the PPC's technique U-turn is to buy renewables, either alone of with top worldwide stars. The PPC's benefit is that it has around 6 GW of eco-friendly power ability to certify out and also a few of this ability is anticipated to be accepted in the future. Nevertheless, at the same time, this has actually begun to come to be much less of a benefit, considered that Greece's federal government introduced in January that it is basically reorganizing its licensing regimen, in order to present an electronic system that accelerates the entire procedure. The PPC has actually authorized a variety of memoranda of collaboration with worldwide companies to collectively create sustainable power projects in Greece. Today for instance, the PPC authorized a teamwork contract with Portugal's EDP Renewables, intending to co-develop a minimum of 400 MW of eco-friendly power ability in Greece. The PPC's substantial PV parks in the mining areas will likely be separated right into unique function car companies to be co-financed with global stars. Kozani project On the other hand, Greece's power preacher additionally revealed that German developer Juwi is offering 204 MW of ability under growth in Kozani, protected under 3 tender agreements, to Greece's Hellenic Petroleum. The project is composed of 3 pieces (139.24 MW, 27.68 MW as well as 37.37 MW), with the biggest piece having actually won a toll of EUR0.05446/ kWh, as well as the various other 2 a EUR0.06472/ kWh toll each.
Feb 17, 2020 // Plants, Large-Scale, Commercial, Markets & Finance News, Greece, pv power plants, Europe, George Stassis, Kostis Hatzidakis
Greece approves 2.8 GW renewables financial investment
billion) on 1.5 GW of solar PV parks across 12 regions of Central and Northern Greece, and a more EUR421.6 million (US$ 514.1 million) on 37 PV plants with a total
Dec 24, 2020 // Markets & Finance News, Greece, solar pv, Europe, Christos Staikouras, Nikos Papathanasis, Adonis Georgiadis
Hellenic Petroleum Gets Solar Projects Well Worth 204 MW in Greece
projects at the last allowing phase, in the location of Kozani, in Northern Greece, from German renewable resource projects developer and also service provider
Feb 18, 2020 // Plants, Large-Scale, Commercial, Greece, Europe, International, Hellenic Petroleum, Andreas Shiamishis, Galp Energia
Greece goes smaller with end-of-year solar tender
Greece has opted to slightly trim the capacity on offer at the year’s last solar-only tender, setting ceiling prices that reflect the gradual technology cost decreases seen in the country. Documents unveiled by energy regulator RAE over the weekend reveal the PV-only auction due in late 2019 will offer 287.11MW in contracts, down from its July predecessor's 300MW. Solar projects in the 500kW-20MW capacity range will have between 7 October and 4 November 2019 to submit applications for the solar tender, which is set to award contracts in December. PV auction bids will carry participation fees of €500 (US$553) and start at ceiling prices €66.02/MWh (around US$73/MWh), RAE’s document indicates. According to RAE, the price cap reflects the €62.77/MWh (around US$70/MWh) average tariffs seen at this year’s earlier solar tender, which itself had kicked off with ceiling prices of €69.26/MWh (US$76.63/MWh). The new solar auction – to be held alongside a simultaneous wind-specific 225.45MW tender – is due to choose winners around 12 December, the RAE timetables note, adding however that extensions are possible. Greece's road to 6.9GW of solar by 2030 The new December tender is the latest of a series in Greece, where policy goals require solar to more than double from the 2.6GW tallied up last year to 6.9GW by 2030. Greece’s growth timetable – which would place solar as the top clean energy source by the end of the decade, overtaking wind’s 6.4GW – follows a flatlining of installed PV capacity since 2013, evidenced by IRENA stats. The country’s renewables auctioning efforts kicked off with three simultaneous technology-specific tenders in July 2018, respectively targeting wind, PV projects of 1-20MW and below 1MW. The latest PV-only tender of July resulted in undersubscription, with 200.26MW in solar bids coming forward for a tender designed to offer up 300MW; only around 143MW was finally awarded by RAE. For its part, Greece’s first technology-neutral tender produced a brighter picture. The auction of April 2019 triggered solar and wind bids of 637.78MW – up from the 600MW on offer – and finally granted 437.78MW, with PV bagging six of the seven winning contracts. The clean energy campaign is being mirrored by mounting foreign interest on the ground. In mid-May, German investor DWH became a shareholder of a local clean energy firm Maximus Terra, signaling “special interest” in the latter’s 200MW PV pipeline.
Sep 16, 2019 // Plants, Large-Scale, Commercial, Grids, Greece, tender, solar pv, auctions, Europe, southern europe, rae
Greece to tender 287 MW of new solar capacity in December
the media director. New wholesale market model In 2016, Greece switched from a fixed feed-in tariff model to the award of feed-in premiums to
Sep 13, 2019 // Markets & Finance News, Greece, tender, Europe
Greece to tender approximately 482 MW of PV in July, established storage space structure
Greece's following renewable resource tender will certainly happen on July 27, with 2 different sets of ability up for grabs, according to a news today by the nationwide power regulatory authority (RAE). The very first part of the tender will certainly concentrate on solar plants approximately 20 MW in dimension, with strategies to honor as much as 482.03 MW of PV capability. The 2nd part of the purchase workout will certainly be for wind ranches as much as 50 MW dimension, with as much as 481,45 MW of ability available. Financiers that have an interest in taking part in the tender demand to send digital applications to RAE by 5 p.m. (GMT +3) on June 29. If their applications certify to take part in the tender, solar capitalists will certainly be able quote from EUR0.063 (0.06 )/ kWh, while the beginning bid for wind power projects has actually been evaluated EUR0.06299/ kWh. Capitalists can send applications to join the tender without the requirement to recommend tolls. Bidding process will just happen digitally on the day of the tender, by utilizing the regulatory authority's software program to guarantee complete openness. The power regulatory authority is making use of the application procedure to certify financiers as well as projects that satisfy the public auction demands. The regulations call for project programmers to hold generation licenses and also grid-connection contracts, along with providing financing warranties. Tender regulations A previous registration policy-- calling for both solar PV as well as wind power tenders to be oversubscribed by a minimum of 40%-- additionally continues to be legitimate for the July 27 tenders. This is the reason that the authorities may wind up granting much less ability than prepared in the upcoming summer season tenders. For solar PV particularly, the tender registration guidelines suggest that a minimum of 674,8 MW of PV need to get in the tender for the complete 482 MW of ability to be alloted in July. The regulatory authority just recently approved generation licenses for a minimum of 800 MW of PV capability, pv magazine has actually discovered. Nevertheless, this does not always imply that every one of this ability will certainly certify to join the tender, as qualified projects should additionally have grid-connection arrangements in position as well as give monetary warranties. Winning PV projects approximately 1 MW in dimension in the July public auction will certainly require to attach to the grid within 12 months. Solar ranches as much as 5 MW as well as projects larger than 5 MW will certainly have 15 as well as 18 months to attach to the grid, specifically. Greece's power regulatory authority claims there have to do with 2.1 GW of renewable resource projects granted through the nation's tender regimen that are presently under advancement. In April, the authorities held a renewable resource tender that resulted in the most affordable toll ever before granted to a renewable resource project in the nation. A 200 MW solar PV plant was given to state-owned Public Power Corp. (PPC) for a record-breaking EUR0.04911/ kWh. Pay Per Click Renewables, the renewable resource arm of PPC, will certainly auction off the project's EPC tender on May 28. Storage space structure On the other hand, Greece is preparing to develop a power storage space structure that will certainly permit the nation to reach its renewable resource objectives, embeded in the current nationwide power prepare for 2030. RAE organized a webinar recently concentrating on power storage space in Greece. The webinar was participated in by several of Greece's a lot of elderly preachers, in addition to several power stakeholders, consisting of the nation's leading solar PV organizations. Adonis Georgiadis, the preacher for advancement as well as financial investment, informed the webinar that the existing Covid-19 situation need to function as take advantage of to quicken the improvement of the nation's power system. He included that Greece needs to discover ingenious remedies to assist it to attain its power and also advancement objectives. The conversation likewise concentrated on a research study project appointed by RAE and also created by the National Technical University of Athens (NTUA). Stavros Papathanasiou, a teacher in the NTUA institution of electric design, suggested that Greece will certainly require a mix of huge pumped hydroelectric power storage space systems with smaller sized battery storage space systems. The very first would certainly be made use of for longer-duration storage space, over 6 hrs, while the last could be made use of to save power approximately 4 hrs. Papathanasiou stated Greece will certainly require concerning 1,500 MW to 1,750 MW of brand-new power storage space ability in order to satisfy 60% of its 2030 electrical power requires by means of renewable resource, which remains in line with Greece's nationwide power prepare for 2030. Of this ability, NTUA research study recommends that 500 MW might come by means of battery systems, with the remainder ahead from hydroelectric power storage space. Greece's vice-minister for power and also the atmosphere, Gerasimos Thomas, claimed that the NTUA study would certainly assist the federal government to measure its power storage space objectives. The ministry's basic assistant for power and also nonrenewable fuel source sources included that Greece will certainly require to spend concerning EUR500 million by 2025 in order to reach its electrical energy objectives. The Greek authorities stated in September that they will certainly terminate coal by 2028, with the majority of lignite plants to be removed the grid within the following couple of years. Federal government stakeholders stated throughout the RAE webinar that the federal government is not wasting time. A Greek power storage space structure will likely be come up with for public assessment in the following couple of months.
May 22, 2020 // Markets & Finance News, Storage, Greece, Europe, WESTERN EUROPE
Greece eyes 2.3 GW of brand-new solar as part of initiatives to ditch coal
investments develop part of a 16-point plan revealed earlier today by Greece's energy priest Kostis Hatzidakis, who also announced brand-new energy storage
Sep 11, 2020 // Plants, Large-Scale, Commercial, Greece, Europe, rwe, green hydrogen
Ocean Sun inks deal to deploy utility-scale floating PV plants in Greece and Cyprus
PV components. "Floating solar is a superb suitable for the energy markets in Greece and also Cyprus, with excellent irradiation, water resources and also a
Mar 31, 2021 // Plants, Large-Scale, Commercial, Floating PV, Greece, floating PV, Europe, Cyprus, Ocean Sun, offshore solar, MP Quantum Group, Yiannis Alafouzos
Greece to overhaul licensing regime which puts the brakes on solar
processed. As a result of investors being left in generation license limbo, Greece’s renewable energy tenders have consistently been under-subscribed. The
Jan 17, 2020 // Markets & Finance News, Policy, Greece, Europe, license, rae, Stelios Psomas