The Greek energy market posted a new record for the penetration of renewable energy sources and reduced energy consumption.
Green power production combined with large hydropower increased to 57% of total electricity production in 2023, of which 47.9% were RES and 9.09% hydropower, breaking the previous record set in 2022, according to the chairman and CEO of Independent Power Transmission Operator (ADMIE), Manos Manousakis.
This was the result of investments in new RES units and the development of new networks needed to transmit green energy. According to data processed by Green Tank, the energy market passed 16 milestones in 2023 that – barring lower consumption – were chiefly related to the higher participation of RES and reduced participation of fossil fuels in the energy balance, an equivalent increase in RES and a shift by consumers to producing their energy.
