Greece

Greece: Exploratory drilling in Eastern Mediterranean to start by 2026

The first exploratory drilling in the Eastern Mediterranean is projected to commence between late 2025 and early 2026, according to Greek Environment and Energy Minister Theodoros Skylakakis. He made this announcement during the “East Mediterranean Gas Forum” meeting held in Athens. Skylakakis emphasized the increasing significance of the Eastern Mediterranean region for European energy security […]

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Greece: Renewable energy production exceeded 8 TWh in the first four months

In the first four months of 2024, renewable energy sources surpassed fossil fuels in Greece’s electricity mix for the first time, reducing the sector’s emissions to a new low. Renewable energy sources plus large hydro accounted for 8.09 TWh of total production from January through April, while natural gas, lignite and oil contributed 498 GWh

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Greece to free reserved network capacity for shelved RES projects

Network capacity reserved for RES investment plans now shelved without development prospects will be freed, Greek energy minister Thodoros Skylakakis has told the Balkan Energy Forum in Kozani. The country faces an energy-storage capacity shortage. Big energy-storage projects are in progress but still have some way to go. Pumped storage is a technology that requires

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Greece: The share of coal in the electricity mix fell to 2% in April

The remaining lignite-fired power plants in Greece have faded from the picture, as highlighted by latest electricity market data showing the grid’s needs are now being covered by gas-fueled power stations, renewables, hydropower plants and electricity imports. Energy-mix data concerning last week showed that lignite-fired power stations were completely sidelined. Gas-fueled power stations and renewables

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Greece: US DFC interested in participating in the Great Sea Interconnector project

The US International Development Finance Corporation (DFC) has expressed an interest in participating in the Great Sea Interconnector project linking the electrical grids of Greece, Cyprus and Israel via undersea cables, Greece’s Independent Power Transmission Operator (IPTO) has said. With a capacity of 2,000 megawatts and bidirectional capabilities, the interconnector project aims to bolster energy

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Greece: Crete offshore wind farm talks to be held after European elections

Deputy energy minister Alexandra Sdoukou and Crete’s regional authorities have agreed to postpone further talks on the island’s prospective offshore wind farm plan until mid-June, following European Parliament elections. Voting in Greece is scheduled for June 9. Market officials have feared the matter would be delayed over political cost concerns ahead of the European Parliament

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Greece: Two more bidders exit the tender for Ariadne interconnection

Greek construction and energy group GEK TERNA and Italian transmission system operator Terna, two of five qualifiers into the final round of a tender offering a 20 percent stake in Ariadne Interconnection, a Greek power grid operator IPTO subsidiary established for the development of a 1.1 billion-euro grid interconnection to link the power grids of

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Greece: The share of electricity produced in gas-fired power plants to decrease by 73% in 2030

Greek gas-fired power plants are planned to contribute a total of 5.4 TWh to the energy mix in 2030, down from 19 TWh in 2022, a 72 percent reduction that will be unavoidable as a result of the influx of more renewables, Aristotelis Aivaliotis, the energy ministry’s General Secretary of Energy and Natural Resources, has

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