Renewable energy companies from abroad aren’t intimidated by negative power prices in Romania, especially with the battery storage segment accelerating. Energy giants EDP Renewables and Engie have new solar power plants, and more renewable energy facilities are coming online, while the government is disbursing European grants. The renewable energy market in Greece is consolidating and […]
Large Greek companies, interested in the construction and operation of waste incinerators producing electricity and heat, are waiting for the government to complete the legal framework and launch tenders. Without the six planned facilities and accompanying infrastructure, the country would substantially lag behind the European Union’s targets for lowering the share of landfilled material. Greece […]
Public Power Corp. (PPC Group) is launching construction on two battery energy storage systems (BESS) in northern Greece, of 48 MW / 96 MWh and 50 MW / 100 MWh. There is currently no larger BESS in Southeastern Europe, but the Oslomej solar park in North Macedonia is expected to get a battery system of […]
Terna won the contract for the construction of the second of the three parts of a 490 MW solar park in Megalopolis, on former lignite mines. Public Power Corp. – PPC Group said the third phase would begin next year. The second phase of the construction of a 490 MW photovoltaic plant in Megalopolis is […]
Motor Oil Renewable Energy (MORE) received the operating license for its 43.2 MW wind power plant near the border with North Macedonia. The facility was in test operation since the fourth quarter of 2023. MORE has 839 MW in renewable electricity plants in operation, aiming to reach 2 GW by 2030. There is already almost […]
Meton Energy has taken the final investment decision for two photovoltaic projects north of Thessaloniki. Through their joint venture, Germany-based RWE and Greek government-controlled utility PPC are about to start construction of 567 MW in total peak capacity. Most of the 2 GW solar power portfolio that the top tier German-Greek partnership is developing is […]
Public Power Corp. (PPC) presented a EUR 5.8 billion investment plan for the coal region of Western Macedonia in northern Greece. It held the ceremony in the retired Kardia 2 lignite-fired power plant. According to PPC’s chairman and CEO George Stassis, the endeavor consists of the decommissioning of old assets and the rollout of new […]
PPC Group is accelerating its expansion in the Balkans by laying the foundation stone for its Colosseum solar power project in Bulgaria. The facility will have 165 MW in peak capacity and include a battery energy storage system (BESS), the Greek state-controlled utility revealed. The company’s investment plan includes Italy, where it recently commissioned the […]
Greece’s third energy storage auction has been completed with nine projects selected. It was the final auction where the state provides subsidies to build battery energy storage systems (BESS). A total of almost 800 MW in capability has been awarded through all three storage auctions. In the latest bidding, nine projects with a four-hour storage […]
Greece’s government-controlled power utility PPC and Masdar’s subsidiary Terna Energy are separately building two photovoltaic plants in Bulgaria, worth an estimated EUR 190 million in total. The biggest two renewable energy companies in Greece have taken over one major project each in neighboring Bulgaria, where domestic investors dominated the photovoltaics market until recently. Soon after […]