Wind Picks Up Speed In Greece

The current population of the Hellenic Republic (Greece) is approximately 11.12 million people. In 2016, utilities used renewable energy (48.4%), natural gas (28.4%) and coal (23.2) to generate electricity in the country. Hydropower, wind and solar are the primary sources of renewable energy in Greece.

As a member of the European Union (EU), Greece must comply with the “2030 Framework for Climate and Energy.” The framework mandates that all EU countries cut greenhouse gas emissions by 40% by 2030 from 1990 levels and use renewable energy to generate 27% of the country’s electrical power.

Greece’s Regulatory Authority for Energy (RAE) is accelerating the move from coal-fired power plants to renewable energy in an effort to meet the EU greenhouse gas emission targets. The RAE recently awarded nine wind farms which had a total capacity of 179.6 MW.

The fixed contract prices for the nine wind farms ranged from U.S. 5.91 ¢/kWh to 6.92 ¢/kWh. The price for electricity from the wind farms will be significantly cheaper than the continued use of domestic coal. Greece is getting greener and saving the country money in the process.

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