Greece announces plans to phase out coal
SEPTEMBER 15, 2020 - teitimes
The Greek Government has announced plans to invest €5 billion in phasing out coal-fired power generation by 2028. The country will also minimise carbon emissions to meet the European Union climate targets by 2050.
Solar and Storage 2020
Kostis Hatzidakis, Energy Minister for Greece, said that the investment will include state money, EU funds, and loans from the European Investment Bank (EIB). The Government will use the funds to construct new infrastructure projects and provide subsidies to businesses. The funds will also be used to provide training in green energy construction for people in Macedonia and Megalopoli, in southern Peloponnese, a key region in Greece for coal generation, with significant lignite resources. The training stimulus intends to shift the area towards green energy use.
Hatzidakis said that currently around 16 private investments in renewables are in development in the area. He said these projects have the potential to create 8000 jobs. He also added: “The number of jobs that will be created in Western Macedonia and Megalopoli will be more than those that will be lost.”
The Government has set a target that over the next two years, it will stop generation at 80 per cent of state utility Public Power Corporation s’ (PPC) coal capacity. PPC intends to build solar power parks with capacity of 2.3 GW in Western Macedonia and invest €130 million in Hellenic Petroleum ’s nearby solar power project. PPC has reported that it has closed two coal units with a combined capacity of 550 MW in Macedonia, and plans to close its ten remaining units by 2023.
Read more: https://teitimes.com/post/greece-announces-plans-to-phase-out-coal
Povezane vesti BALKAN
SEPTEMBER 23, 2020 More united approach needed for nations to completely eliminate coal-fired power plants globaldata
SEPTEMBER 23, 2020 Is Wind Energy The Most Stable Renewables Investment? oilprice
SEPTEMBER 21, 2020 Europe’s new climate plan heralds energy ‘transformation’ euractiv
SEPTEMBER 21, 2020 India: Govt to shut 32 power units for not meeting emission deadlines financialexpress
SEPTEMBER 15, 2020 Greece announces plans to phase out coal teitimes
SEPTEMBER 13, 2020 Africa: Has the Time for Hydropower Passed? allafrica
SEPTEMBER 13, 2020 Europe aims for 80pc fossil fuel-free electricity by 2030 tradearabia
SEPTEMBER 10, 2020 Energy transition too slow though renewables will dominate by 2050 windpowermonthly
SEPTEMBER 09, 2020 Poland pledges bold move away from coal intellinews
SEPTEMBER 09, 2020 The missing block to build an all-renewable electric grid newcastle