Europe: Gas prices slide...

In Week 30 of 2025, European gas prices declined, with Dutch TTF prices...

Region: Heatwave drives SEE...

In Week 30 of 2025, electricity market prices rose significantly across most Southeast...

Romania: INVL Renewable Energy...

INVL Renewable Energy Fund I, managed by INVL Asset Management and focused on...

Croatia: Summary of Guarantees...

On 29 July, a total of 231,827 Guarantees of Origin (GOs) were sold...
Supported byClarion Energy
HomeSEE Energy NewsGreece seeking additional...

Greece seeking additional 5 billion euros to finance energy investment loans

Greek Alternate Finance Minister Theodoros Skylakakis submitted a request to the European Commission for additional loan financing resources from the Recovery and Resilience Facility, amounting to 5 billion euros, in the context of REPowerEU.

REPowerEU is the European Commission’s plan to make Europe independent of Russian fossil fuels well before 2030, in light of the Russian invasion of Ukraine. It is a plan for energy saving, the production of clean energy, and the diversification of the Greek energy sources.

The 5 billion euros will be used, primarily, for the financing of private investments in energy, both through loans and venture capital, which will is related to renewable energy projects, namely solar and wind energy, biomethane, green hydrogen; energy efficiency projects such as interventions in existing business buildings, upgrading infrastructure and increasing the efficiency of production processes; initiatives to promote clean transport; clean energy access projects such as off-grid solutions and distributed electricity networks and battery energy storage systems (BESS).

The Ministry said there is a high interest from investors, as the loans are granted on extremely favorable terms (borrowing rate, fixed 0.35 % for very small and small enterprises and 1 % for medium and large ones).

Sign up for updates & special reports

Supported byOwner's Engineer banner

Recent News

Supported byspot_img
Supported byspot_img

Latest News

Supported byspot_img
Supported bySEE Energy News

Related News

Europe: Gas prices slide in Week 30 amid strong supply, cooling demand

In Week 30 of 2025, European gas prices declined, with Dutch TTF prices falling below €34/MWh — the lowest level recorded since April 29, 2025. This decrease was mainly driven by steady Norwegian gas supplies and continued progress in...

Region: Heatwave drives SEE electricity prices to summer highs in Week 30 of 2025

In Week 30 of 2025, electricity market prices rose significantly across most Southeast European (SEE) countries compared to the previous week. All markets recorded weekly average prices above €100/MWh, with the exception of Türkiye. This marked the highest price...

Romania: INVL Renewable Energy Fund I secures €29.3 million loan for 71 MW solar project

INVL Renewable Energy Fund I, managed by INVL Asset Management and focused on renewable energy projects, has obtained a €29.3 million loan from Kommunalkredit Austria to finance the construction of a 71 MW solar power plant in Dolj County,...
Supported byVirtu Energy
error: Content is protected !!