Energy groups turn to "Green" Energy
All the major energy groups in the country are making a massive shift to "green" energy, driven by the increase in the cost of conventional electricity due to the spectacular rise in carbon dioxide emission allowances and the European renewable energy policy (RES).
Due to the spectacular rise in carbon emission allowance prices.
According to PPC's business plan, all existing lignite plants will shutdown by 2023 while the new Ptolemaida 5 plant that is under construction will be converted into a natural gas plant by the middle of the decade and with increased power, to 1000 megawatts instead of 610 that are the specifications for lignite.
At the same time, an ambitious plan for penetration in the RES market is
implemented, which envisages the construction, autonomously or with
business partnerships that have already been concluded, of photovoltaic
and wind power with a total capacity of 1300 megawatts by 2023. The
"flagships" of PPC's green transformation are the 200 megawatt
photovoltaics in Ptolemaida and the 50 megawatts in Megalopolis that are
part of the plan of fair transition of the lignite areas. In total, the
PPC portfolio includes 6 GW power projects (2 GW photovoltaic and 4 GW
ELPE Renewables is building the largest photovoltaic park in Greece and one of the largest in Europe, with a capacity of 204 MW in the region of Kozani. It is estimated that it will produce 300 GWh of energy per year, capable of providing zero-emission clean energy for 75,000 households, with an annual benefit in terms of carbon dioxide emissions of 300,000 tons. There are 7 photovoltaic systems in operation of the Group's properties with a total capacity of 19 MW, a 7 MW wind farm in Pylos, Messinia, and 11 self-generating photovoltaic systems with energy offset, in an equal number of EKO and BP petrol stations. The medium-term goal of ELPE envisages the increase of the installed RES capacity to 600 megawatts.
The Kopelouzos Group, through ELICA GROUP, has put into operation wind and PV parks with a total installed capacity of 450 MW. In addition, it has more than 2100 MW Wind Farms in Greece in a mature licensing phase, with emphasis on the Aegean. These include an array of 1000 MW Wind Farms in Crete and the offshore Wind Farm of Alexandroupolis-Thrace in Northern Greece.
The Motor Oil Group recently announced the acquisition of eleven operating 220 MW wind farms in Central Greece, Macedonia and Cephalonia, an additional 20 MW wind farm under construction and an additional 6W M licensing portfolio. The group entered the sector of Renewable Energy Sources in October 2019 with the acquisition of 85% of the share capital of STEFANER ENERGY SA. with a total power of 10MW. Since then it has invested in acquisitions of wind and photovoltaic, exceeding, within 18 months, the target of 300MW.
Mytilineos also recently announced an agreement for the acquisition of a portfolio of 20 under development photovoltaic parks with a total capacity of 1.48GW owned by EGNATIA GROUP.
The entire portfolio has been subject to the process of Strategic Investments (Fast Track), while it is estimated that their construction will be completed by the end of 2023.
In addition, MYTILINEOS will acquire a total of 21 portfolios under development of electricity storage projects using batteries, as well as 4 additional under development projects of production and storage of electricity using batteries, energy-assisted by photovoltaic stations, also GRO from EGN. The "green" portfolio of the Company now includes:
RES in Greece (wind, photovoltaic, small hydroelectric stations):
1,480 MW in mature licensing phase
300 MW in operation phase, construction or ready for construction (RTB)
100 MW to final investment decision (FID) at the end of 2021
RES abroad (photovoltaic parks):
400 MW under construction, 120MW of which are expected to be completed and put into commercial operation in the 2nd quarter of 2021
501 MW ready for construction (RTB)
362 MW ready for construction (RTB) at the end of 2021 / beginning 2022
4,000 MW - In initial or medium licensing phase
25 electricity storage projects under development
Electricity Purchase Agreement (PPA)
200 MW in a signed PPA with a third party, in a mature licensing phase
TERNA ENERGY has more than 1,800 MW in operation, under construction or ready for construction in Greece, USA, Central and Eastern Europe. Specifically, its total installed capacity in Greece and abroad amounts to 1,373 MW, while it also has RES facilities under construction or ready for construction, with a total capacity of 430 MW in Greece. Also, the company is developing additional projects with a total capacity of 1200 MW in Greece, which will be ready for construction within the next period and will allow the achievement of the goal of 3,000 MW by 2025.
Recently OCEAN WINDS (OW) (consortium of EDP Renewables and ENGIE) and TERNA ENERGIAKI signed a cooperation agreement for the joint development of floating offshore wind farms in the Greek seas. OCEAN WINDS has a wide portfolio of fixed and floating offshore wind farms consisting of 1.5 GW projects under construction and 4 GW under development, aiming at 5 to 7 GW in operation or under construction as well as 5 to 10 GW in advanced stages of development until 2025.