Hellenic Petroleum set to finance new solar plant in northern Greece

·

Greece’s biggest oil refiner, Hellenic Petroleum, said on Monday it will finance and operate a 204 megawatt solar energy plant in northern Greece to tap into the country’s shift from coal to renewables.

Last year Greece announced an ambitious plan to shut down almost all its coal-fired power plants by 2023 and shift more to renewables. Most of its coal-fired plants are based in northern Greece and the government has announced a series of actions, including renewable energy projects and funds to make up for job losses in that region.

Hellenic, which is 35 percent state owned, already operates solar and wind energy facilities in Greece. It said it will invest 130 million euros ($141 million) in the plant in Kozani, northern Greece, which will be built by Germany’s Juwi. It is expected to start operations in the final quarter of 2021, the company said.

Greece plans to boost renewables to 35 percent of its energy consumption by 2030 from 19.7 percent this year, hoping to generate investment worth about 44 billion euros.

Hellenic, with three refineries of a total 344,000 barrels per day capacity, operates 26 megawatt of solar and wind parks in Greece. It wants to add another 300 megawatt of renewables to help in the country’s transition to clean energy.

Sourced by: Reuters

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Dr Christos Theologos: ‘Dance keeps us bound to our roots, from Chios to Sydney’

As part of the Zeibekiko Festival Australia, respected folklorist Dr Christos Theologos will lead a series of lectures and workshops.

South Melbourne turns to supporters ahead of Australian Championship kick-off

The opening clash of the Australian Championship will be an event shaped by the voices of the fans themselves.

Low birth rates and ageing: The silent enemy of the Greek nation

From the late 1990s it had become clear to Greek demographers and social scientists that the number of births in Greece was falling.

Peta Trimis: The new star of Australian football with a Hellenic soul

At just 19 years old, Peta Trimis is already being hailed as one of the brightest young stars of Australian football.

A second chance at life: Angelo Alateras’ journey from mechanical heart to transplant hope

After years on life support, 80kgs lost, and 615 days of physio, Angelo finally received the gift of a new heart.

You May Also Like

Petsios family in crisis over delayed tomato virus test results

Peter and Oriana Petsios, owners of the SA Tomato business, are facing a potential $100,000 fine due to delays in virus testing.

Nick Kyrgios criticises Jannik Sinner’s rehire of banned fitness coach

Nick Kyrgios has slammed Jannik Sinner’s decision to rehire fitness coach Umberto Ferrara, calling out the move on social media.

Appeals dismissed for police officers guilty of assaulting disability pensioner John Goutzoulas

Two Victoria Police officers found guilty of unlawful assault last year, have had their appeals thrown out in court.