Greece’s Future Is Clean, Green Renewable Energy

National Economy

The population of the Hellenic Republic (Greece) is approximately 10.38 million people[1]. In 2019, 100% of the people in this Southern European country had access to electricity[2].

In 2019, Greece’s economy was ranked 51st in the world in gross domestic product (GDP)[3]. The country’s economy is dependent on shipbuilding, tourism, and the export of pharmaceuticals, aluminum, fruits, vegetables, and fish.

Environment Policies

In 2008, Greece initiated energy reforms including creation of power networks, improving grid security, and moving from fossil-fuels (coal, petroleum, and natural gas) to renewable energy.

In 2009, Greece committed to the Renewable Energy Directive” as a member of the European Union (EU). The directive requires all EU countries to use renewable energy for 20% of its total energy needs by 2020 and 27% by 2030.

In 2016, Greece signed the Paris Climate Agreement, as a member of the EU. All EU countries have committed to a 40% reduction in greenhouse gas emission by 2030 compared to 1990 levels[4].

In 2020, Greek utilities[5] used natural gas (44.8%), renewable energy (41.3%), and coal (13.9%) to generate electricity. Hydropower, wind, and solar are the primary sources of renewable energy in Greece.

Greece is continuing to develop a diverse range of new, renewable energy projects, including:

  • 204 MW Solar Project – German renewable energy company, Juwi Holding AG is continuing work on the Kozani solar park, which is located in northern Greece. The solar project is scheduled to be commissioned by year-end 2021.
  • 120 MW Floating Solar Projects – In January 2021, Greek conglomerate, GEK Terna announced plans to build a floating solar project on the Kastraki water reservoir in central Greece.
  • 103 MW Floating Solar Projects – In January 2021, GEK Terna announced plans to build a floating solar project on the Pournari water reservoir in central Greece. All three wind farms are scheduled to be commissioned by year-end 2022.
  • 102 MW Wind Projects – In April 2021, Spanish utility, Iberdrola announced plans to build the Askio II, Askio III, and Rokani wind farms, which will be located in northern Greece.
  • 50 MW Floating Solar Project – In December 2020, the state owned utility, Public Power Corporation announced plans to develop a floating solar project on the Haliacmon River in northern Greece.
  • 42 MW Floating Solar Projects – In January 2021, GEK Terna announced plans to build a floating solar project on the Lake Stratos in central Greece.

In 2011, coal was the primary fuel used to generate electricity in Greece. The country has made remarkable progress in just ten year moving from fossil fuels to clean, green renewable energy.

Greece’s energy demands are expected to steadily grow in the near future. Renewable energy offers Greece the opportunity to meet the country’s future energy demands with low cost, clean energy.

 

Jack Kerfoot

Website – “Our Energy Conundrum”

www.jackkerfoot.com

 

[1] Greece Population (2021) – World Population Review, April 11, 2021

[2] Greece – The World Bank Group

[3] Gross Domestic Product 2019 – World Bank DataBank

[4] Carbon Brief – “2015: Tracking Country Climate Pledges”

[5] Statista – 2020 Electricity Usage In Greece

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