Greek government to subsidizing solar panels up to 60%, in an upcoming programs

“European countries like Greece are rapidly accelerating away from fossil fuels and towards cheap renewable electricity. The milestone reached by Greece proves that a renewables-dominated electricity grid is within sight,” Elisabeth Cremona, an analyst at energy think tank Ember, told Euronews Green.

Solar panels soak up the sun’s rays at a new photovoltaic park near Kozani, Greece.

Rooftop photovoltaic panels combined with power storage (batteries) will be subsidized by to 60 pct in an upcoming program that has been announced by the Greek government, the secretary general for energy at the environment and energy ministry, Alexandra Sdoukou, said at the Renewable and Storage Forum on Thursday, ANA reports, The subsidies are for units of up to 10 KW, with the program guide to be unveiled for a period of public consultation within the next two weeks.

The Greek government is also working on two more programs to support the installation of photovoltaics, one targeting self-generation by businesses and one to promote energy communities in municipalities to support vulnerable consumers.

A major milestone for Greek energy as renewables power 100% of electricity demand!

Renewable energy met all of Greece’s electricity needs for the first time ever last week, the country’s independent power transmission operator IPTO announced. For at least five hours on Friday, renewables accounted for 100 percent of Greece’s power generation, reaching a record high of 3,106-megawatt hours.

Solar, wind, and hydro represented 46 percent of the nation’s power mix in the eight months to August this year, up from 42 percent in the same period in 2021, according to Greece-based environmental think-tank The Green Tank. Green Tank called it, a “record of optimism for the country’s transition to clean energy, weaning off fossil fuels and ensuring their energy sufficiency.”

What’s the big picture for Greece’s energy transition?

It’s a significant milestone in the history of the country’s electricity system and follows the bright news that renewables fully met the rise in global electricity demand in the first half of 2022. But Greece’s transition to clean energy hasn’t been entirely straightforward. Like other European countries, Greece has cut its reliance on Russian gas following the war in Ukraine by increasing liquefied natural gas (LNG) imports to meet its needs. It has also boosted coal mining, pushing back its decarbonization plan.

Using IPTO data, The Green Tank finds that renewables – excluding large hydro sources – surpassed all other energy sources, leaving fossil gas in second place as it decreased slightly for the first time since 2018. Greece aims to more than double its green energy capacity to account for at least 70 percent of its energy mix by 2030. To help hit that target, the government is seeking to attract around €30 billion in European funds and private investments to upgrade its electricity grid.