The cost of sustaining fossil-fueled power plants in Greece and in the Aegean Islands is significant in financial, social, and environmental terms.
The current government has reinforced its commitment to green development by etting high RES goals for 2020, establishing the Ministry of Energy, Environment and Climate Change and accelerating the licensing procedure of RES projects through Law 3851/2010. Under this new legal framework, most renewable energy sources receive high feed-in tariffs and electricity purchase agreements valid for 20 years with the possibility of renewal. This is a significant opportunity for international corporations to enter the Greek energy market as their financial and technical experience would offer them improved risk evaluation and a comparative advantage to local start-up companies.
Production: 48 billion kWh
Consumption: 53 billion kWh
Exports: 600 million kWh
Imports: 9.5 billion kWh
Installed generating capacity: 16,615 MW
- 3,912 MW lignite;
- 4,658 MW natural gas;
- 3,173 MW large hydro-power and;
- 4,873 MW other renewable sources.
Rate of self sufficiency: 72%
Reaching the electrical self-sufficiency in 10 years with an investment of €1.75 billion per year.
Develop the Greek program in two successive steps to increase of electric power capacity for 5,000 MW to achieve self-sufficiency, including:
From 2017 electricity from renewable sources in Greece is promoted through a feed-in premium differentiates between different renewable electricity producers according to whether or not they are located on a Greek island i.e. whether or not they are connected to the mainland grid.
Access of electricity from renewable energy sources to the grid shall be granted according to the principle of non-discrimination. With regard to the use of the grid renewable energy shall be given priority.
During the summer, cooling needs and tourist populations stretch island peak generation even further while the vital tourist industry is often hampered by the limited electricity and potable water supply of local island communities.
In the Greek situation the HPS power generators is the most appropriate technology to provides a clean and cost-saving substitute to diesel-fueled electricity generation, boosts local eco-tourism activities and helps the Greek government achieve its national and EU energy goals.
PLANNED ENERGY INITIATIVES
Region & Capacity