For the first time ever, Greek renewables completely meet Demand for Electricity
- Tech News
- October 14, 2022
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For the first time, power generation from renewable energy sources completely covered the electricity demand in Greece within a few hours.
Athens: Independent power transmission operator IPTO said power generation from renewables completely covered Greece’s electricity demand for a few hours last week, for the first time in the history of the country’s power system.
On Monday, the IPTO said renewables accounted for 100% of power generation for at least five hours last Friday, hitting a record 3,106 megawatts at 0800 GMT.
Like other European countries, Greece reduced its dependence on Russian gas after the war in Ukraine by increasing its imports of liquefied natural gas (LNG). It also boosted coal mining, delaying its decarbonization plan.
Greek renewables’ share of solar, wind, and hydropower was 46% of the country’s energy mix in the eight months to August this year, up from 42% in the same period in 2021, according to the Greek environmental think tank The Green. tank.
“Record optimism about the country’s transition to clean energy, abandoning fossil fuels, and ensuring our energy sufficiency,” Green Tank wrote in a tweet.
Greece aims to attract around €30 billion in European funds and private investment to modernize its power grid and more than double its green energy capacity to make up at least 70% of its energy mix by 2030.
It plans to have 25 gigawatts of installed renewable energy with a capacity of about 10 gigawatts now, but analysts say Athens could reach that target sooner.
IPTO is investing in expanding the country’s electricity grid to increase energy capacity and facilitate the penetration of solar, wind, and hydropower.
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