Cypriot Minister of Finance Makis Keravnos said the Great Sea Interconnector (GSI) project still faces very serious political obstacles. He highlighted the pressure from Turkey, alongside the financing disputes with Greece regarding the EU-backed bilateral investment to lay an undersea electricity cable that would connect the two countries. Following a second incident this month when […]
Greek authorities are rushing to secure the electricity system against a possible blackout during Easter. Greece currently produces much more electricity than it needs on certain days due to a high renewables penetration and insufficient energy storage. It should be noted that in 2024 the country became a net power exporter for the first time […]
Power network operators won’t need to compensate renewable energy producers in Greece for curtailments, according to the latest bill of law. It prompted reactions in the renewable energy market. The bill, submitted for public consultation, received damning remarks from the Hellenic Wind Energy Association (HWEA or ELETAEN) and various other bodies and corporations for the […]
The Independent Power Transmission Operator of Greece announced that it connected to PICASSO. It is the second transmission system operator or TSO in Southeastern Europe that joined the European platform, so now it can exchange balancing energy with its counterpart in Bulgaria. In addition, IPTO (or Admie, in Greek) has proposed the introduction of negative […]