Greece on the path towards becoming a renewable energy hub
In order to increase well-being and prosperity, as well as ensure that current and future generations are able to enjoy a healthy environment, makes protecting the environment is imperative. Countries like Greece have numerous environmental challenges they need to address. Some key challenges include high reliance on fossil fuels, air pollution in urban areas, waste management as well as water extraction in some areas.
The usage of renewable energy sources has been impressively increasing since 2009, mainly explained by a considerable increase in wind and solar photovoltaics energy production plants, playing a crucial role in decreasing CO2 emissions per unit of GDP in Greece.
Noteworthy is the fact that in 2018, renewable energy sources accounted for 13% of total energy supply and 31% of electricity generation, which is higher than the respective average proportions reported by the OECD (10% & 26%). This is proof that Greece is on the right path of reaching important milestones, as the National Energy and Climate Plan 2021–30 set out the ambitious goal of 35% of the share of renewables over gross final energy consumption by 2030.
Energy Investor Interest
Currently, there is considerable interest from investors in obtaining up to 49% of HEDNO, the sole electricity distribution network operator in Greece. But investor interest does not only come from domestic investors. It also captures the interest of foreign investors who are increasingly interested in investing in Greece and its renewable energy capabilities.
In fact, Greece’s energy transition in the power sector has the potential to attract up to $33 billion in new investments by 2050.
Of this, 92% is expected to be allocated to zero-carbon technologies. Interestingly, a forecasted $3 billion will be brought in as new investment specifically in small and utility-scale batteries between 2030–2050.
Greece towards a renewable energy hub
To sum up, Greece has high competitive advantages attracting interest in renewable energy projects. The opportunities are endless for setting up renewable energy parks sourcing sustainable energy from wind, solar, and other renewable sources. Hence, GX Blocks Energy is constantly exploring growth opportunities in innovative renewable energy projects in Greece and Europe’s new energy scenery that arises.
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Our mailing address: info@gxblocks.net
GX Blocks Energy — Official Website: www.gxblocks.com
Copyright © 2020 GX BLOCKS ENERGY S.A.
In order to increase well-being and prosperity, as well as ensure that current and future generations are able to enjoy a healthy environment, makes protecting the environment is imperative. Countries like Greece have numerous environmental challenges they need to address. Some key challenges include high reliance on fossil fuels, air pollution in urban areas, waste management as well as water extraction in some areas.
Renewable energy in Greece
The usage of renewable energy sources has been impressively increasing since 2009, mainly explained by a considerable increase in wind and solar photovoltaics energy production plants, playing a crucial role in decreasing CO2 emissions per unit of GDP in Greece.
Noteworthy is the fact that in 2018, renewable energy sources accounted for 13% of total energy supply and 31% of electricity generation, which is higher than the respective average proportions reported by the OECD (10% & 26%). This is proof that Greece is on the right path of reaching important milestones, as the National Energy and Climate Plan 2021–30 set out the ambitious goal of 35% of the share of renewables over gross final energy consumption by 2030.
Energy Investor Interest
Currently, there is considerable interest from investors in obtaining up to 49% of HEDNO, the sole electricity distribution network operator in Greece. But investor interest does not only come from domestic investors. It also captures the interest of foreign investors who are increasingly interested in investing in Greece and its renewable energy capabilities.
In fact, Greece’s energy transition in the power sector has the potential to attract up to $33 billion in new investments by 2050.
Of this, 92% is expected to be allocated to zero-carbon technologies. Interestingly, a forecasted $3 billion will be brought in as new investment specifically in small and utility-scale batteries between 2030–2050.
Greece towards a renewable energy hub
To sum up, Greece has high competitive advantages attracting interest in renewable energy projects. The opportunities are endless for setting up renewable energy parks sourcing sustainable energy from wind, solar, and other renewable sources. Hence, GX Blocks Energy is constantly exploring growth opportunities in innovative renewable energy projects in Greece and Europe’s new energy scenery that arises.
---
Our mailing address: info@gxblocks.net
GX Blocks Energy — Official Website: www.gxblocks.com
Copyright © 2020 GX BLOCKS ENERGY S.A.
