By Haris Fludopoulos An important step in the direction of the maturation of the electrical interconnection project between Greece and Egypt took place yesterday, with the meeting of the Egyptian president Abdel Fattah Al-Sisi with the president of the Copelouzos group Dimitris Copelouzos in Egypt. The project is envisaged to interconnect the electricity systems of […]
Tag: Renewable Energy Sources (RES)
Ellaktor: Green light from the G.S. in the deal with Motor Oil for RES
The General Assembly of Ellaktor’s shareholders, which met on August 25, approved the transfer to Motor Oil of 75% of the company’s Renewable Energy Sources sector. At the same time, he proceeded to redefine the nature and composition of the Audit Committee. More specifically, based on the corporate announcement, G.S. decided: “Approval of the transaction […]
The RES market moves at the pace of deals
By Haris Fludopoulos The domestic green energy market has been moving at the pace of deals lately, as four major transactions have been completed within a few weeks, with the total value of the agreements exceeding 1.2 billion euros. The main characteristic of these deals is that traditional and large players in the energy market […]
Motor Oil: The Board of Directors approved the agreement with Ellactor for the RES portfolio
The Board of Directors of Motor Oil, at its meeting of August 4, 2022, granted special permission for its subsidiary, MORE, to acquire 75% of the share capital of a company that will be established and will have as assets the portfolio of Renewable Sources Energy (RES) of ELLAKTOR, with a total capacity of 493 […]
EDPR: Net profit at €265 million in the first half of 2022 – 87% increase from 2021
EDP ​​Renewables, the fourth largest company in the field of Renewable Energy Sources in the world, reaffirmed the positive course of its activities recorded since the beginning of the year, achieving a net profit of 265 million euros in the first half of 2022, by 87 % higher than last year. The positive performance is […]
The new operating model of the electricity market proposed by Greece
By Haris Fludopoulos The two Greek proposals to provide incentives to industries to reduce consumption and to establish a new mechanism in the electricity market that will decouple electricity prices from natural gas will be presented to the Council of Energy Ministers by the responsible minister K. Skrekas. As Mr. Skrekas pointed out, coming to […]
How a photovoltaic plant in Prosotsani is changing the electricity market
New data for the Greek electricity market is being created by the photovoltaic Delfini Project of the Cero company, which started construction yesterday in Prosotsani, Drama and is expected to be ready in the summer of 2023. It is a large project with a power of 100MW and a projected investment amount of 80 million. […]
The German Foreign Ministry calls for the fastest phase-out of fossil energy worldwide
Secretary of State Analena Burbock is pushing for a rapid global phase-out of fossil energy sources because of the severe effects of the climate crisis on small countries like the Pacific island nation of Palau. The next global climate conference in Egypt in November must make it clear: “We share this fate and we can […]
What energy crisis? Nordic energy will be almost free this weekend
Amid an energy crisis, with European electricity and gas prices hitting record highs, Scandinavian homes and factories can use electricity this weekend almost for free, according to Bloomberg. Saturday’s average electricity prices in the northern corner of Europe fell to 4.17 euros per megawatt hour on the Nord Pool energy exchange in Oslo, the lowest […]
ESIAPE and ELETAEN: Immediate need to turn to cheap, inexhaustible, clean domestic energy of RES
The need for Greece to become independent of imported fossil fuels that trigger the energy and economic crisis, but also intensify the climate and environmental catastrophe, with a direct shift to cheap, inexhaustible, clean domestic energy from Renewable Sources, was reported by the UN in a detailed presentation to journalists. The representatives of ESIAPE and […]