RES projects can give economy a fresh push

Investments in renewable energy sources could evolve into a vital recovery factor for the Greek economy in the post-coronavirus era, as they could add up to 11 billion euros over the next few years.

As Terna Energy Chairman Giorgos Peristeris told the listed company's annual general meeting on Wednesday, "there are ready, fully licensed investments in RES with a total capacity of 2,400 megawatts [per annum], while another 5,800 MW of RES projects have already secured environmental clearance. This means a total of about 8,200 MW of RES projects, adding up to some €8.5-9 billion, can immediately proceed to implementation within the next three years."

Peristeris added that, besides those investments, an extra 1,000 MW of electricity storage projects worth €1.5-2 billion are also mature in terms of licenses and will also be able to be implemented once the long-awaited...