Greece Advances Energy Transition Projects Ahead of RRF Deadline
Greece is focusing on completing energy projects before the European Union's Resilience and Recovery Fund (RRF) expires in August. The Ministry of Environment and Energy, led by Stavros Papastavrou, reports that 32% of RRF funds focus on energy.
Greece has reduced its lignite share from 60% to under 9%, increasing renewable energy to 50%. Key achievements include the installation of 7.5 GW of renewable energy and the allocation of EUR 23.4 billion, projected to rise to EUR 24.5 billion.
The Independent Power Transmission Operator received EUR 541 million for interconnections, while Hellenic Electricity Distribution Network Operator upgraded 3,400 kilometers of lines. Projects under construction include 700 MW of standalone battery storage and carbon capture initiatives.
