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PV Magazine: The transformation of Greek renewable energy laggard the Public Power Corporation (PPC) has continued with news the utility’s PPC Renewables arm has won tenders to develop the nation’s largest solar cluster and is planning Greece’s first unsubsidized PV project. The renewables division of the state-owned power company is planning a subsidy-free 50 MW […]
IEEFA
PV Magazine: Greece has launched a series of renewable energy tenders to procure new solar PV and wind power capacity in separate auctions and joint tenders. Earlier this week, it held its second-ever joint renewable energy tender with a single pot for both technologies. It ended up awarding 502.94 MW of capacity, including 350 MW […]
IEEFA
Renewables Now: Greek renewable power producer Terna Energy SA plans to allocate more than EUR 550 million (USD 597.1m) for clean energy projects, including 400 MW of new wind farms. The company will embark on the new plan with the construction of over 180 MW of wind parks, gradually expanding the capacity to a target […]
IEEFA
Reuters: Greece’s biggest oil refiner, Hellenic Petroleum, said on Monday it will finance and operate a 204 megawatt solar energy plant in northern Greece to tap into the country’s shift from coal to renewables. Last year Greece announced an ambitious plan to shut down almost all its coal-fired power plants by 2023 and shift more […]
IEEFA
Ekathimerini.com: Wind energy output in Greece soared to new records in 2019, with more new wind energy farms launching operations than in any other year, the Hellenic Wind Energy Association (HWEA/ELETAEN) said in a report released on Thursday. The increase was almost four times the annual average rate of the previous decade, raising the total […]
IEEFA
Reuters: Greece’s Public Power Corp. (PPC) will switch off its coal plants sooner than expected and expand its renewable capacity by 2024 to boost profits and help cut the country’s carbon emissions footprint, its CEO said on Monday. Under a 2020-2024 business plan approved by the utility’s board last week, PPC plans to switch off […]
Gerard Wynn
Rising carbon prices, falling renewable costs argue for closing coal plants, not retrofitting them
New anti-pollution standards in the European Union that take effect in 2021 are highlighting how cheap coal power plants are no longer an opportunity for buyers to make a quick buck, or grow market share, putting pressure on selling utilities and their investors to close them instead. The business models of two Czech-based firms, Sev.en […]
IEEFA
PV Magazine: Around 79% of the European Union’s coal power fleet runs at a loss, and will burn through €6.57 billion this year. Economics thinktank Carbon Tracker used asset-level financial models to analyze the operating economics of every coal plant in the EU. The resulting analyst note – “Apocoalypse Now” – not only had a […]
IEEFA
EURACTIV: France, Greece and Bulgaria have pledged to update their national targets for renewable energy and bump up the share of wind, solar and other renewables to 33%, 35% and 27% of their energy consumption respectively by 2030. The announcements were made on Tuesday (24 September) as part of a public debate among EU energy […]
IEEFA
Montel: Greece and Hungary will phase out all coal-fired power generation capacity by 2028 and 2030, respectively – accounting for a combined 6 GW – amid efforts to improve their green credentials. “Until now, Greece’s power mix has been relying on coal and a new lignite plant is currently being built, which was supposed to […]
IEEFA: Renewables’ strong performance and falling costs can help Kosovo break from a coal-powered past
Economics, EU membership ambitions point to renewables as best path for country’s future electricity needsOctober 29, 2020 (IEEFA) — Strong performance by Kosovo’s first large-scale wind and solar farms show the coal-dominated, Western Balkan country can exploit falling renewables costs and green lending appetite to align better with a low-carbon European transition and reduce losses from stranded fossil fuel assets. According to a new report by the Institute for […]