ENERGY

ADMIE: Green investments are going to continue

Greece’s energy communities can help battle energy poverty, said participants at a special event on Thursday to mark the launch of the Greek-Turkish Solar Energy Excellence Hub to Advance the European Green Deal, an EU-funded project known as SolarHub. SolarHub’s overall objective is to strengthen connections between and scale up five Greek and Turkish solar energy innovation ecosystems as a single, hybrid, cross-border and interconnected Solar Energy Excellence Hub with an emphasis on agriculture applications. The program will run for four years (January 1, 2023 - December 31, 2026) and has a budget of nearly 5 million euros.

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November 1, 2024 01.11.2024 • 17:57

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.

Manousakis, speaking at the 6th Renewable & Storage Forum, focused on managing the new reality brought by high RES penetration, now reaching 60% of the domestic energy mix.

He expressed optimism that green investments will continue, noting that this progress will require the development of a “quasi-second transmission system” to accommodate the significant influx of RES expected over the next decade.

However, he added that the process is challenging and time-consuming due to unresolved permitting issues. “It takes as long to build a project as it does to obtain its permits,” he remarked.

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