Greece

Greece set to exceed 2030 renewable energy goals with 34 GW capacity

Greece is on track to significantly exceed its official 2030 renewable energy capacity target, with projections indicating that total installed capacity will reach approximately 34 gigawatts. This figure surpasses the 24.7 gigawatt goal outlined in the country’s National Energy and Climate Plan (NECP). The projected expansion includes a broad mix of renewable sources such as […]

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Greece: Uncertainty grows around Crete–Cyprus electricity link amid geopolitical and financial pressures

The future of the major submarine electricity interconnection between Crete and Cyprus, known as the Great Sea Interconnector, is now uncertain due to financial difficulties and geopolitical tensions. In response, Greek authorities and the transmission network operator ADMIE are considering an alternative plan to redirect the under-construction cable to the Aegean Sea. The situation developed

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Region: Italy and Greece to build new undersea power interconnector

Italian electricity transmission operator Terna and its Greek counterpart ADMIE have signed an agreement to construct a new undersea electricity interconnector between the two countries. The project, valued at nearly 2 billion euros, is intended to strengthen the energy link between Italy and Greece and improve the resilience of the European electricity network. The decision

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Greece: Crete-Attica electricity interconnection enters final testing phase

Greece’s electricity transmission system operator, ADMIE, along with its project implementation arm Ariadne Interconnection, has reached a key milestone in the Crete-Attica electricity interconnection project. A final inspection at the Damasta converter station in Heraklion marks the beginning of the last phase of testing, ahead of the launch of the trial operation. The facility is

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Greece: Public call for solar power plant installation in family homes opens 6 June

The Environmental Protection and Energy Efficiency Fund has announced a new public initiative to support the installation of solar power plants on family homes. Starting 6 June, eligible homeowners can apply for co-financing to help cover the costs of installing photovoltaic systems for personal electricity use. This initiative targets the installation of solar power systems

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Greece: Electricity prices rise for households despite wholesale market drop

Electricity providers in Greece have announced price hikes of up to 17% for May, even as wholesale electricity prices continue to decline. The average wholesale price fell by around 16% last month, dropping to €89 per megawatt-hour, yet retail rates—particularly on green tariffs—have risen significantly. Green tariffs, which are used by approximately 72.4% of households

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Region: North Macedonia awards contract for gas interconnector with Greece

North Macedonia’s state-owned gas transmission operator, Nomagas, has signed a contract with local construction firm Rapid Build to construct the country’s portion of a new natural gas interconnector with Greece. The project involves building a 68-kilometer pipeline, valued at €83.7 million. Energy Minister Sanja Bozinovska announced the deal, highlighting its strategic significance for regional energy

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Greece: PPC advances 490 MW solar project at former Megalopoli coal site

Greece’s Public Power Corporation (PPC) has launched the second phase of its major 490 MW solar power project in Megalopoli, marking a significant step in the country’s transition from coal to renewable energy. Located in southern Greece, the site was formerly home to one of the country’s key lignite mining operations, now being repurposed as

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Egypt-Greece electricity interconnection project reaches key milestone with EBRD grant agreement

A significant step forward has been made in the development of the Egypt-Greece electricity interconnection (GREGY) project, with the signing of a grant agreement between the European Bank for Reconstruction and Development (EBRD) and ELICA Interconnector, a subsidiary of the Copelouzos Group. This milestone is a key element in strengthening Europe’s energy security and advancing

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