Electric Energy: Greece’s New Sustainable Export

Energy projects are surging in Greece, driven by major global players in the industry. These ventures, primarily focused on photovoltaic and wind parks, mark a significant shift towards renewable energy sources. The electricity generated will not be consumed directly but rather integrated virtually with the energy demands of the countries where these corporations operate.

From the industrial heartlands of the North, companies once tethered to fossil fuels are now spearheading their green revolution, seeking out partnerships and opportunities in Greece’s renewable sector.

Yet, beyond the mere production of electricity lies a pivotal factor in these investments: the method of generation and the coveted green certificates that come with it. These certificates, known as Guarantees of Origin, open doors to cost-effective financing and are highly in demand across the continent.

In this narrative of energy evolution, Greece holds a unique position. While other nations grapple with scarcity, here, sunlight and wind abound, offering a bountiful source of renewable “fuel.” Such abundance hints at the potential for energy to emerge as Greece’s flagship export, potentially reshaping the nation’s trade balance dynamics.

Moreover, a surplus of generated electricity cannot be fully absorbed by domestic grids and this excess power finds eager buyers in the form of companies entering into Power Purchase Agreements (PPAs), willing to pay a premium for clean energy.

Furthermore, large Greek energy firms stand to gain. With both local and international investors eyeing opportunities, collaborations with the likes of the Public Power Corporation (PPC) or striking deals with industry giants such as Mytilineos Group and Terna Energy, a subsidiary of construction titan GEK Terna, are on the table, promising substantial rewards for those involved.

Source: tovima.com