Greece climbed to the 5th spot regarding long-term bilateral contracts for the supply of renewable energy (PPAs) in the European market.
A PPA (power purchase agreement), or electricity power agreement, is a long-term contract between an electricity generator and a customer, usually a utility, government, or company.
According to the annual report by Pexapark, a leading analysis and consulting firm in PPAs, bilateral contracts between renewable energy producers (mainly photovoltaics) and large consumers in Europe accounted for 16.2 GW, a record and a 40% increase compared to 2022.
The number of PPAs skyrocketed to 272, marking an impressive 62% increase in 2023 compared to 2022.
Greece ranks among the top five countries in PPAs based on the size of its electricity capacity, with our country and Portugal entering the top ten in Europe for the first time, as highlighted in the report.
In 2023, bilateral contracts accounted for 0.95 GW and 9 deals were made for PPAs. Spain led the ranking with 4.6 GW and 46 PPAs, followed by Germany with 3.7 GW and 41 PPAs in second place, Italy with 1 GW and 24 PPAs in third place, and the United Kingdom with 0.96 GW and 23 PPAs in fourth place, with a slight difference compared to Greece.
The report notes that Amazon is one of the largest buyers of green electricity in Europe, while the top 10 buyers in Europe include Shell Energy with 654 MW, 12 industries, and one municipal utility company. Notably, the Greek company, Mytilineos, which has entered into a bilateral long-term power contract for 411 MW, holds 8th place.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
PM Mitsotakis to Chair New Democracy’s Committee Meeting
Today’s meeting is seen as a crucial opportunity to halt internal disputes within ND and reaffirm unity within the party.
Trump Tariffs Jeopardize Growth: Piraeus Chamber of Commerce
The tariffs, aimed at reducing the U.S. trade deficit, are expected to have both direct and indirect effects on the European economy
EU Condemns Trump Tariffs, Prepares to Retaliate
As tensions escalate, the EU is expected to continue negotiations with Washington while preparing for potential economic retaliation.
The Likely Impact of Trump Tariffs on Europe and Greece
Trump tariffs are expected to negatively affect economic growth in the Eurozone while Greece's exports could take a hit.
Motor Oil Results for 2024: Adjusted EBITDA of 995 mln€; Proposed Dividend of 1.4€ Per Share
Adjusted EBITDA for 2024 was down 33% yoy. The adjusted profit after tax for 2024 stood at 504 million euros, a 43% decrease from the previous year
Cost of Living: Why Greece’s 3% Inflation Is Raising Alarm
Greece appears to be in a more difficult position when it comes to price hikes, just as we enter the era of Trump’s tariffs.
Fitch Ratings Upgrades the Four Greek Systemic Banks
NBG’s upgrade reflects the bank’s ongoing improvements in its credit profile, Fitch notes in its report, including strong profitability, a reduction in non-performing exposures (NPEs), and lower credit losses
Trump to Announce Sweeping New Tariffs Wednesday, Global Retaliation Expected
With Trump's announcement just hours away, markets, businesses, and foreign governments are bracing for the fallout of one of the most aggressive shifts in U.S. trade policy in decades.
Inflation in Greece at 3.1% in March, Eurostat Reports
Average inflation in the eurozone settled at 2.2%, compared to 2.3% in February
Greece’s Unemployment Rate Drops to 8.6% in February
Despite the overall decline, unemployment remains higher among women and young people.
![ΕΛΣΤΑΤ: Αυξήθηκε η οικοδομική δραστηριότητα κατά 15,6% το Δεκέμβριο [πίνακες]](https://www.ot.gr/wp-content/uploads/2025/03/DSC9655-2-1024x569-1-90x90.jpg)
![Δασμοί Τραμπ: Οι επιπτώσεις στις ελληνικές εξαγωγές και στην ευρωπαϊκή οικονομία [γραφήματα]](https://www.ot.gr/wp-content/uploads/2023/10/ot_exagog_ISRAEL-600x352.png)
