Energy markets weekly: Brent,...

During the fourth week of August, Brent oil futures for the Front Month...

Europe: Electricity prices show...

During the fourth week of August, electricity prices in major European markets showed...

European electricity demand trends:...

During the last week of August, electricity demand rose in most major European...

European solar and wind...

During the week of August 25, solar photovoltaic (PV) energy production declined across...
Supported byClarion Energy
HomeSEE Energy NewsGreece: Coal phase-out...

Greece: Coal phase-out by 2025 instead of 2028

Greece is the fourth largest lignite producer in Europe and will be one of the first EU countries to completely phase-out coal from its electricity generaion. Greek last lignite-fired power plant will be closed in 2025, three years ahead of initially agreed deadline, said State Secretary at the Greek Ministry of Energy Alexandra Sdoukou.

This statement follows the decision of state-controlled Public Power Corporation (PPC) to abandon the operation of lignite-fired TPP Ptolemaida V, which is still under construction, until 2028, pushing its conversion to natural gas for 2025.

Sdoukou said that the shutdown of all lignite-fired power plants by 2025, earlier than the original plan, marks the entry of Greece into the club of countries that fully adopt the principles of clean energy, while sealing the transformation of PPC into a modern energy player in Europe.

In September 2019, Greek Prime Minister Kyriakos Mitsotakis made a pledge to end country’s dependence on lignite by 2028, saying all but one of the country’s coal-fired plants would close by 2023.

 

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Energy markets weekly: Brent, TTF gas and CO2 prices show moderate fluctuations in late August

During the fourth week of August, Brent oil futures for the Front Month on the ICE market reached a weekly high settlement price of $68.80/bbl on Monday, August 25. Prices then fell 2.3% on Tuesday, August 26, hitting a...

Europe: Electricity prices show mixed trends in late August, forecasts point to September declines

During the fourth week of August, electricity prices in major European markets showed mixed trends compared to the previous week. The Nord Pool market in the Nordic countries recorded the largest weekly average increase at 58%. Italy’s IPEX market...

European electricity demand trends: August growth in most markets, UK declines

During the last week of August, electricity demand rose in most major European markets compared to the previous week. Italy saw the largest increase at 6.3%, followed by France at 3.2% and Germany at 2.1%. Spain recorded the smallest...
Supported byVirtu Energy
error: Content is protected !!