Greece’s PV restart: Hellenic Petroleum secures financing for at least 8.6 MW
Greece’s Hellenic Petroleum has secured financing to develop 190 MW of combined solar PV and wind power capacity in Greece. The company was awarded 8.6 MW of PV capacity in Greece’s inaugural renewable energy tender in December 2016.
Greece’s PPC utility targets 550 MW of new solar
Greece’s incumbent utility, the Public Power Corporation (PPC) has announced a target for new solar PV projects. The move, while justified, may come too late to save the PPC, which is trying to reduce its reliance on lignite and avoid bankruptcy.
Sky Solar posts $3 million net profit in 2016
Net income hit $3.3 million in the 12 months to the end of December, from a net loss of $1.6 million a year earlier, although the Hong Kong-based PV independent power producer recorded a net loss of $8.7 million in the fourth quarter, from $7.4 million in the final three months of 2015.
Greece applies virtual net metering
Greece’s environment and energy minister has approved the country’s virtual net metering provisions. This is a policy step towards the right direction, however it is not expected to have a significant effect on Greece’s PV installations any time soon.
Greece’s first battery storage system under way in the Aegean Sea
The island of Tilos in Greece’s Aegean Sea is going to host the country’s first renewable energy plus battery storage system. pv magazine explores why this is so significant for Greece.
Greece installs first virtual net-metering PV; awaits ministerial approval
Greece’s first virtual net-metering PV system is installed on the rooftop of a school in Thessaloniki, the country’s second biggest city. The system is funded by Greenpeace Greece but is not yet connected to the grid, as it is waiting for a ministerial decision facilitating virtual net metering.
EBRD commits €300 million to Greece’s renewables
The European Bank for Reconstruction and Development (EBRD) has announced a framework committing up to €300 million of new financing for Greece’s renewable energy sector. The timing is crucial, since the Greek electricity sector is expected to undergo fundamental changes very soon.
Greek PV installations grind to a halt in 2016
2016 was a bad year for Greece in terms of newly added PV installations, and this is not the only bad news. The country’s electricity sector is nearing disaster, following the government’s incompetent economic and electricity policies.
Sky Solar Holdings agrees to sell 23 MW projects in Greece
The Hong Kong based independent power producer today announced that it has entered into share purchase agreements with A.W Aktina Wind to sell all equity interests in 23 MW of solar projects from Sky Solar’s subsidiaries in Greece.
Policies needed to reduce capital costs for PV in Southeastern Europe
Renewable energy support policies at the national and European level are needed to reduce the cost of capital for solar PV and onshore wind projects in countries in the South East of European, according to an extensive study undertaken by Ecofys,
