
Renewable energy sources (RES) in Greece in 2022 generated 43% of the country’s electricity, exceeding the EU average of 41.2%, Eurostat, the EU statistical authority, said on Wednesday.
Overall in the European Union, RES usage increased by 3.4 percentage points over 2021 (37.8%) and surpassed other energy sources, such as nuclear (less than 22%), gas (less than 20%), and coal (less than 17%).
Leading the way was Sweden, with 83 percent of its energy needs in 2022 coming from renewable sources such as water and wind, followed by Denmark (77.2%), Austria (74.7%), Portugal (61.0%), Croatia (55.5%), Latvia (53.3%), and Spain (50.9%).
According to Ernst & Young’s Renewable Energy Country Attractiveness Index (RECAI), released last December, Greece has solidified its position among the top three global markets for renewable energy sources (RES).
Despite currently holding the third spot in the adjusted GDP index, Greece’s standing is significant, considering its previous top position. Denmark now leads this index, followed by Morocco, showcasing Greece’s resilient presence among the top contenders. Simultaneously, Greece maintains its standing within the top 20 globally, securing the 18th position in the overall ranking.
Source: tovima.com


Latest News

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.

Jerry Kalogiratos Highlights Key Role of Energy Transition and Data Demand in LNG Outlook
Energy transition and the prospects of LNG were discussed at Capital Link’s 19th Annual International Maritime Forum, during a panel discussion with Jerry Kalogiratos (Capital Clean Energy Carriers Corp.)