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Greece announces investment of 35 billion euros for energy transformation

Greece announces investment of 35 billion euros for energy transformation

Industry Information
2019/04/09 15:20
  The Greek Ministry of Energy finally submitted a new national energy and climate plan to the European Commission to reduce dependence on lignite power generation and increase the use of renewable energy.
  The time it was submitted to the European Commission was delayed by one month. The plan states that the transition to a green economy will be based on institutional building, such as energy exchange, market transformation and consumer support.
  According to the Greek Minister of Environment and Energy, Stathaki, the first pillar of the program is a radical change in the energy mix that is conducive to renewable energy, making renewable energy account for 32% of end-use consumption.
  To achieve this goal, the plan predicts a complete transformation of the power industry, renewable energy will replace fossil fuels, accounting for more than 55% of the final electricity consumption.
  The plan says lignite will gradually decrease, but it will continue to help reduce the country's dependence on imports, while natural gas will continue to be used for electricity by providing the necessary flexibility.
  Stathakis added that the second pillar is energy conservation, which will account for one-third of current total consumption by 2030. This actually means that by 2030, 10% of residential buildings will be refurbished and remodeled to achieve new near zero energy consumption.
  At least 40,000 residential buildings will be upgraded or replaced by new energy-efficient buildings each year.
  However, environmentalists are not satisfied with the plan. They particularly criticized the government for not explicitly terminating fossil fuels.
  In summary, the plan is in line with the global warming 3.1-3.7 ° C situation.
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