ENEL CEO – Greece’s de-lignitization will necessitate greater reliance on renewable sources of power generation

Greece’s looming de-lignitization will necessitate a much greater reliance on renewable sources of power generation in order to avoid an energy crisis, ENEL group CEO and general manager Francesco Starace told reporters during the annual Capital Markets Day event.

He also said ENEL’s strategic priority to promote a “road map” for renewable energy sources in the country, including storage units, along with efforts to cover any current gaps in Greece’s energy market.

Starace also extended kudos to the Greek government for a recent legislative reform to facilitate energy storage.

For the group’s overall strategy, he said accelerated de-carbonization aims for zero exploitation by 2040, 10 years earlier than the previous target, as well as a gradual departure from the natgas sector over the next two decades.