
Huge investments of 30 billion euros by 2030 on an annual basis and 38,000 new jobs is foreseen by the updated National Plan for Energy and Climate (ESEK).
Among the aforementioned investment costs are also included those for the energy upgrade of homes and other buildings. Their amount is approximately 700 million euros per year.
The Minister of Environment and Energy Kostas Skrekas presented the main goals of ESEK during a press conference, announcing that the new text will be submitted to a public consultation.
With the new ESEK, the goal of a total reduction of gaseous pollutant emissions by 47% in 2030 is set.
The text also places great emphasis on the development of RES, hydrogen and energy storage systems.
In particular, the goals set until 2030 are:
1. The increase in the participation of RES in final consumption to 45% from 35%.
2. The 6% improvement in energy efficiency.
3. The increase of RES participation in electricity generation to 80% from 61% in 2019.
4. The increase in the participation of RES in heating and cooling in 2030 to 47% when the target was 43% with the current ESEK
5. RES participation in transport increases to 32% from 19%
6. Increases the participation of synthetic fuels to 3.4% from 0% today.
7. Advanced biofuels (agricultural residues and cooking oils) will rise in 2030 to 2.18% from 1.7%
8. And conventional biofuels will reach 1.7%.
9. 100% electrification of passenger vehicles in 2030.
RES
The targets for increasing electricity generation from RES are also particularly ambitious.
In particular, in 2030 compared to 2022, it is foreseen for both RES and other power generation technologies:
1. The increase in installed solar capacity to 14.1 GW from 5 GW today. In 2050 they will reach 34 GW
2. Offshore wind farms are expected to reach 2.7 GW in 2030 and 17 GW in 2050
3. Onshore wind farms from 5 GW will increase to 7 GW in 2030 and 10 GW in 2050.
4. Hydro will increase to 4 GW from 2.3 GW today
5. Natural gas plants will increase to 7 GW from 5 GW today
Overall in 2030 total installed power generation capacity will rise to 36 GW from 21 GW


Latest News

IMF: US Tariffs Shake Global Economy, Outlook Downbeat
IMF slashes global growth forecast to 2.8% as U.S. tariffs create uncertainty and ‘negative supply shock

First Step Towards New Audiovisual Industry Hub in Drama
The project is set to contribute to the further development of Greece’s film industry and establish Drama as an audiovisual hub in the region

Airbnb Greece – Initial CoS Ruling Deems Tax Circular Unlawful
The case reached the Council of State following annulment applications filed by the Panhellenic Federation of Property Owners (POMIDA)

Mitsotakis Unveils €1 Billion Plan for Housing, Pensioners, Public investments
Greek Prime Minister Kyriakos Mitsotakis has announced a new set of economic support measures, worth 1 billion euros, aiming to provide financial relief to citizens.

Alter Ego Ventures Invests in Pioneering Gaming Company ‘Couch Heroes’
Alter Ego Ventures' participation in the share capital of Couch Heroes marks yet another investment by the Alter Ego Media Group in innovative companies with a focus on technology.

Corruption Still Plagues Greece’s Driving Tests
While traffic accidents continue to claim lives on Greek roads daily, irregularities and under-the-table dealings in the training and testing of new drivers remain disturbingly widespread

Pope Francis Died of Stroke and Heart Failure Vatican Confirms
As news of the official cause of death spread, tributes poured in from across the globe. The 1.4 billion-member Catholic Church is united in grief, remembering a pope who championed inclusion, justice, and compassion

Increase in Both Museum Visits, Revenues for 2024
As expected, the Acropolis was the top archeological site in the country, followed by Sounion, Mycenae, the ancient theater of Epidaurus, and Vergina in northern Greece

Where Greece’s Tourists Come From: A Look at 2025’s Top Visitor Markets
The United Kingdom continues to hold the top spot as the largest source of incoming tourism, with 5.6 million seats booked for Greece this summer — up 2.2% from last year. This accounts for 20% of all international air traffic to Greece

Pope Francis: A Pontiff Who Reshaped the Papacy and Sparked a Global Conversation
His first words from the balcony of St. Peter’s Basilica—“Brothers and sisters, good evening”—set the tone for a pontificate that would challenge norms, favor mercy over dogma, and bring the papacy closer to the people.