Renewable Energy Sources

Wind Energy

Powering Growth in the Energy Sector
 

Wind, or aeolic, power is driving growth in the renewables sector and represents a huge investment potential in Greece. The superb wind resources in Greece are among the most attractive in Europe, with a profile

of more than 8 metres/second and/or 2,500 wind hours in many parts of the country. Capacity increased by an average of 30% annually between 1990 and 2003 and almost 30% of total capacity was installed in the

period of 2003-2004.

 
It is estimated that in addition to the 1200-plus MW operating currently, at aeolic parks a further 9,000 MW will be installed by 2020.
 

Renewables can be developed in Greece at very competitive costs and the target is for renewables to have 29% share of electricity production by 2020. Because these targets are legally binding, due to EU

regulations and Kyoto Protocol agreements, investors can be assured of stable, long-term market objectives in the Greek Res market.

 

Advantages of Investing in Wind Energy

  • Superb wind resources—among the best in Europe
  • Priority dispatch by the system operator
  • High feed in tariffs
  • 20-year PPA (power purchase agreement)
  • Favourable, long-term legislative framework, ensuring investment reliability
 

Current Feed in Tariffs (FITs guaranteed for 20 years)

In EURO/MWh Interconnected System Non Interconnected Islands
Onshore Wind Farms 87.85 99.45
Offshore Wind Farms 104.85

The growth of the renewables sector in Greece is guaranteed by legally binding targets that require a RES share of 29%of total produced energy by 2020, from a current share of nearly 10%, which includes small hydroelectric dams.

Ministry of Economy, Competitiveness and Shipping (http://www.ypoian.gr/)

Regulatory Authority for Energy (http://www.rae.gr/)

Centre for Renewable Energy Sources (http://www.cres.gr/)

Hellenic Transmission System Operator (http://www.desmie.gr/)

6 February 2014
Wind parks

Wind Energy

Wind, or aeolic, power is driving growth in the renewables sector and represents a huge investment potential in Greece. The superb wind resources in Greece are among the most attractive in Europe, with a profile of more than 8 metres/second and/or 2,500 wind hours in many parts of the country.
6 February 2013
investment projects in PV Parks

Licensing Procedure for investment projects in PV Parks

Licensing Procedure for investment projects in PV Parks.The following procedure concerns PV Parks over 500kW
6 February 2013
Biomass and Bio-fuel

Biomass and Bio-fuel energy

Biomass and Bio-fuel energy means Investing in the Future.In Greece, the agricultural sector accounts for more than 5% of GDP, more than three times the EU average of 1.8%.
6 February 2013
Geothermal Energy

Geothermal energy

Geothermal energy is A Green Opportunity. Greece lies in a geographic position that is favorable to geothermal resources, both high temperature and low temperature.
6 February 2013
Solar Energy

Solar Energy

Solar Energy is One of the core components of Greece’s energy profile will be solar, or photovoltaic, energy. Greece has a superb sun radiation capacity and it is estimated that one third of Greece’s energy requirements could
6 February 2013
Renewable energy sources

Renewable energy sources – RES

Greece, and the European Union, have established key priorities and binding policies related to the production of electricity from renewable sources. To establish security and diversification of its energy supply, and ensure environmental protection and sustainable development, Greece promotes the establishment of power using renewable energy sources.

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