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
RES: Large Companies Buying PPAs in Greece
Power Purchase Agreements (PPAs) are long-term contracts between renewable energy producers and large corporations seeking to secure electricity at stable prices in a sustainable manner.
School Closures, Ships Docked Amid Bad Weather in Greece
Severe weather in Greece causes school closures and sailing bans. Strong winds, snowfall, and icy conditions disrupt daily life and travel on Tuesday.
Greece to Proceed with Issuance of 10-Year Bond
Regarding Greece's public debt the Agency forecasts that it will continue its downward trend, recording a total reduction of around 56%.
Labor Shortage in Greece: Vacant Job Positions Costing the Economy Millions
Data show that specific sectors are facing particular challenges in filling job positions, with the primary sector struggling to find working hands.
e-EFKA: “Thaleia” Answers Policyholders’ Questions
It is a service provided by the organization, aimed at enhancing the experience for individuals with special needs.
PM Mitsotakis Outlines 2025 Goals for Growth and National Interests
"The government’s work will remain intense and multifaceted, so that day by day, something changes and the lives of all citizens become better," the prime minister stated
Tender for Repairs on Athens Olympic Stadium’s (OAKA) Iconic Roof
Tender for OAKA project, which is expected to exceed 78 million euros, stipulates that repairs, maintenance must be conducted while venue remains open for events
Louis-Dreyfus Family Eyes 21% Stake in Thessaloniki Port
The newly created Amsterdam-based LeonidsPort company has submitted a voluntary public offer for 21%
EUIPO Throws Out Turkaegean Trademark
The trademark had been filed by the Türkiye Tourism Promotion and Development Agency (TGA) in 2021 and immediately generated heated opposition by Athens
Economic Sentiment Indicator in Greece Drops Slightly in Dec.
The data revealed that the primary drivers of the slight drop were the industrial and retail trade sectors. Conversely, construction and consumer confidence improved.