Greece

Germany’s RWE and Greek state-owned utility PPC have signed power purchase agreements (PPAs) for three of five solar projects to be built in a former coal mining region in Greece. They will sell the electricity to local utility Heron.

According to Aurora Energy Research, Europe is on track to install at least 95 GW of grid-scale battery energy storage systems by 2050, up from 5 GW of installed capacity today, and representing more than €70 billion ($76.9 billion) of investment.

Public Power Corp. (PPC), Greece’s state-owned utility, has won a tender to build a solar-plus-storage project on the Greek island of Astypalaia.

Greece’s Ministry of Environment and Energy has revealed a new €200 million ($215.3 million) subsidy program for solar projects and small storage systems in the residential and agricultural segments. The scheme is backed by the country’s post-pandemic recovery plan.

Data released by the Hellenic Association of Photovoltaic Companies show that the Greek solar market installed three times more capacity in 2022 compared to 2021.

Pospief, the association of solar producers in Greece, says that about 1 GW of installed PV projects are still waiting to connect to the grid. The Greek distribution system is unable to accommodate new, small-scale PV capacity, aside from net-metering projects.

Organic Electronics Technologies (OET) has announced the start of a European-funded project that will develop and build an automated manufacturing production line for integrated printed organic photovoltaics in Thessaloniki, Greece.

Germany’s RWE and Greece’s PPC electric utilities have signed today an agreement to start in spring the construction of 210 MW of new solar pv capacity at a former lignite mine in northern Greece. This is the first stage for the implementation of a 2 GW solar pipeline in the country that the two companies have been partnering on since 2019.

Greece’s Public Power Corp. (PPC) has secured €102.4 million ($111 million) of financing, with at least €28.5 million coming from the European Investment Bank (EIB). The funds will support the construction of 230 MW of PV capacity in Ptolemaida, which is Greece’s coal mining region.

Australia’s bounteous land and sun, combined with its new energy-transition-focused government, make it attractive for international renewables investors. Two such players are Greek industrial conglomerate Mytilineos and Philippines-based energy company ACEN Corp., both of which have recently announced further large-scale investment to expand their Australian solar portfolios.