The Independent Power Transmission Operator (ADMIE) Chairman and CEO Manos Manousakis emphasized that expanding electrical networks is essential for integrating more renewable energy sources (RES) which will provide more affordable electricity.
ENERGY
Multilateral lender Climate Investment Funds (CIF) has agreed to back a $1 billion plan to upgrade Turkey’s electricity grid so it can handle more renewable energy by providing an initial investment to the project, it said on Thursday.
The reduced-rate off-peak electricity tariff is to switch to a winter schedule as of Friday, the Hellenic Electricity Distribution Network Operator (DEDDIE) announced on Thursday. Under the winter schedule, cheaper rates are charged at 2-8 a.m. and 3-5 p.m. for customers connected to the mainland grid, including interconnected islands, and at 2-8 a.m. and 3.30-5.30 […]
The Cypriot cabinet approved a set of medium-term measures during its meeting on Tuesday.
Renewables market is saturated, but applications for new photovoltaic parks keep coming in.
Turkey plans to remove government subsidies for high volume residential electricity users from February next year, Energy Minister Alparslan Bayraktar said on Wednesday.
In Tavros, Athens, a decades-old refugee apartment building is being transformed to generate double the energy it consumes.
The European Commission said on Monday it had approved a Greek measure to support the construction of a carbon storage facility at Prinos with 150 million euros made available through the Recovery and Resilience Facility (RRF), under EU state aid rules.
In an interview with Kathimerini, North Macedonia’s Deputy Prime Minister and Transport Minister Aleksandar Nikoloski emphasized the nation’s commitment to stronger regional cooperation, highlighting projects aimed at diversifying energy sources and enhancing infrastructure across the Western Balkans.
The European Commission on Monday approved a 150-million-euro initiative funded through the EU’s Recovery and Resilience Facility (RRF) for the construction of a carbon storage facility in Prinos in Kavala, northern Greece.
Houses in the top category of energy certificates boast sale prices up to 125% higher.
Metlen Energy & Metals announced on Thursday that its January-September turnover rose 3% to 4.2 billion euros, compared to €4.09 billion in the same period last year.
European Union leaders will set multiple deadlines for a deeper single market, more capital for investments and a unified energy market, according to draft conclusions for a summit in November focused on the bloc’s push to boost its competitiveness.
Greece’s Public Power Corporation successfully completed the issuance of a new 7-year bond on Wednesday, attracting four times the initial target with an interest rate of 4.625%.
Greece is moving away from mandatory green electricity tariffs toward fixed-rate plans as energy suppliers adapt to regulatory changes set for 2025.
The construction of new power plants and a gas hub in Turkey will be part of talks that Russian President Vladimir Putin will hold on Wednesday with Turkish President Tayyip Erdogan, Russia’s RIA news agency reported.
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