Greece increases the share of renewable energy to 50% by 2030 - Finance and Markets

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Greece will increase the share of renewable energy (RES) in its energy mix to 50% by 2030. In addition, the energy consumption will be reduced by 30%. This was reported by Energy Minister Giorgos Stathakis. He also commented that the country has not done much to save the energy so far. To meet these goals, the growth of the Greek economy should not cause an increase in energy consumption. That is why the measures for energy storage and energy efficiency will be in the focus of the energy ministry in our southern neighbor.
Giorgos Stathakis also commented that the purest energy is actually the unconsumed energy. About 40% of the energy consumption in Greece is on buildings.
The electricity consumption in the period 2005-2015 decreased by over 21%. But this is mostly due to the effects of the economic crisis.
Meanwhile, Greece has other targets in the energy sector, as the creditors’ demand privatization in the sector. Because of these plans in May, the government is preparing and introducing a law on the sale of several thermal power stations to the state power company PPC, as well as the right to use lignite mines to them.
Athens will include a six-year jobs preservation clause. The sale of these capacities is expected to end by October.
A market test conducted by the European Commission shows that there is an interest in PPC’s thermal power stations of 15 candidates.