Lebanon introduces peer-to-peer renewable energy trading
The Lebanese parliament has ratified a new law that allows peer-to-peer renewable energy trading between private sector entities, in addition to enshrining net metering in the country’s legal system for the first time.
Greece to support local energy communities with €42 million of funding
Greece aims to support the development of new, locally operated renewable energy communities with about €42 million ($45.7 million) of new funds.
Masdar to build 7 MW of solar as part of Greek island’s green transition
The Greek government and Masdar have agreed to develop 7 MW of solar on Poros Island as part of the “GR-Eco Islands” initiative. However, the authorities and Abu Dhabi-based renewables developer have not disclosed the project costs.
EU announces 30 islands to receive renewable energy assistance
The European Commission has announced the 30 islands selected to receive “comprehensive assistance” in their bids to achieve 100% renewable energy supplies by 2030.
Greece accepts 288 MW of applications in second storage tender
Greece’s energy regulator has published a call for the country’s second energy storage tender to take place in February 2024.
EU lists 166 cross-border energy projects to receive rapid support
The European Commission announced yesterday that 166 cross-border projects will be afforded streamlined permitting and regulatory processes, and be eligible for EU financial support, as part of a new push for the European Commission to reach its European Green Deal goals.
Cyprus embraces residential solar, awaits competition
Cyprus has announced a new scheme to increase residential solar deployment and help about 6,000 households to lower their electricity bills. Constant delays in the opening of the national retail electricity market to competition, meanwhile, are costing households millions.
Is the EuroAsia Interconnector still alive?
A number of developments taken place in the last weeks have raised questions whether the EuroAsia Interconnector project, aiming to link the countries of Greece, Cyprus and Israel with a subsea cable of 2 GW capacity, is still alive.
Cyprus starts first nanogrid project
The University of Cyprus and energy developer Ecotricity Holdings have jointly installed a nanogrid system for a single building in Cyprus. The aim is to minimize the site’s energy consumption costs and eliminate the power system’s carbon footprint.
Weekend Read: Curtailment crisis in Cyprus
The typical volume of excess clean power wasted daily on the island has rocketed since last year. With a fossil fuel industry veteran heading the energy department after February’s presidential election, what prospect is there of a green transition?
