Greece's green energy history with a barrage of deals

The time that Renewable energy sources They were in the minority in the country's energy mix in favor of coal and natural gas which is certainly becoming a thing of the past. Wind turbine populism did not stop them. Green energy is breaking one record after another.

Last year's statistics show that 57% of nationwide demand was covered by renewable energy sources, with our national fuel, lignite, falling to 10%, rates that in a few years' time would have seemed like science fiction scenarios.

This means much cheaper electricity rates. Each supplier's monthly basket becomes cheaper, and their costs fall dramatically, so they are increasingly able to offer lower prices to their customers, undermining the arguments of opponents of green growth.

At a time when “the tribes of those fighting renewables are growing, along with fake news now targeting offshore wind farms, last year's 10-year history of green energy production in Greece and its imprint on tariffs now stands in contradiction.” . Best answer.

All this is happening at a time when the market is maturing, Greek groups are strengthening their investment portfolios and making great strides inside and outside Greece.

The Greek market has entered a galaxy of acquisitions and partnerships for good, with 2023 being one of the richest years in green deals with leading Greek groups. The tone has been set, apart from the signing of the major acquisition of Enel in Romania by PPC, moves such as the PPC Renewables – Intrakat strategic agreement, the acquisition of TERNA projects inside and outside Greece, the HELLENiQ Renewables agreements in Romania, Unagi's acquisition of Motor Oil, Canada's leading solar farm acquisition Mytileneus.

The movements of businesses large and small in the energy market show the dynamism of the space and the fact that this year will break last year's record, judging by the unstoppable wave of interest in new green projects. Applications for new PV projects have now reached unreal levels, and so has his waiting list human They are waiting for 42GW to get the connection offer. The “green” projects nominated today cover not the 2030 goals, but the 2050 goals. And those waiting in line have four times more power than those who act.

The statistics announced by ADMIE today are impressive:

1. 57% of the energy mix last year was covered by renewables (air-solar) and hydroelectric units exceeding 25 TWh. It's a record for 10 years.

2. The annual production of green energy reached 21.35 TWh last year, which represents an increase of 147% compared to the annual electricity production from renewable energy sources in 2014 (8.64 TWh). In fact, in August 2023, the largest monthly production of renewable energy in the history of the electric system occurred (2.25 TWh).

3. It is worth noting that for the first time – year-round production of renewable energy sources has risen to more than 1.5 TWh per month.

4. In terms of demand, coverage of renewable energy generation has increased over the past decade by 151%, reaching more than 43% in 2023, the highest percentage recorded to date.

Also last year, lignite's share in the domestic energy mix shrank further, reaching a historic low of 10.1%. This decline reflects the significant progress made by the country's lignite program – given that energy production from lignite in 2014 exceeded 54% – and the continued upward trend of environmentally friendly forms of energy.