Low-carbon economy

Having energy storage projects as its priority, Athens-listed group Metlen is continuing the dynamic development of its green portfolio both domestically and internationally.

M-Renewables, the green arm of Metlen Energy & Metals, operates in 33 countries and five continents with more than 5 gigawatts of projects in photovoltaics, wind and energy storage.

The Environment and Energy Ministry intends to crack down on renewable energy suppliers who exceed their licensed capacity, committing a form of "reverse power theft" by flooding the system with unwanted electricity, the ministry's general secretary, Aristotelis Aivaliotis, told the Renewables & Storage Forum last week. 

BELGRADE - Electricity generated by new solar power plants will replace Serbia's costly electricity imports during the winter season, Serbian President Aleksandar Vucic said after the signing of an agreement with a consortium between Hyundai Engineering and UGT Renewables on building self-balanced solar power plants that will ensure 1 GW of power generation capacity to Serbia.

Greece has set more ambitious targets for expanding solar and wind power to cut greenhouse emissions by 2030 under a revised energy and climate plan presented on Friday.

Athens will aim for an 82% share of renewables in electricity generation by 2030 versus a 66% target in its previous 2019 plan, under the plan to be submitted to the European Commission for approval.

BELGRADE - Serbian PM Milos Vucevic met with US Under Secretary of State for Economic Growth, Energy and the Environment Jose Fernandez in Belgrade on Thursday to discuss bilateral economic relations and cooperation in the energy and renewables sectors.

The objective of the new Commission is to lower energy prices in Europe, which are higher than in the rest of the world, European Commission President Ursula von der Leyen said at a press conference today with International Energy Agency (IEA) Executive Director Fatih Birol on support for Ukraine’s energy security next winter.

Environment and Energy Minister Thodoros Skylakakis and Deputy Environment and Energy Minister Alexandra Sdoukou signed on Friday a ministerial decision promoting self-consumption of energy, either individually by all citizens and businesses of the country or jointly (by apartment buildings).

The cost of carbon dioxide emissions into the atmosphere is set to be decoupled from gas prices in the European Union, marking a historic shift in the dynamic between the two markets, according to the head of natural resources research for the EMEA region at Goldman Sachs Group Inc.

Greece's power grid is getting greener fast, but, at the same time, is still clinging to the old fossil fuels, data show.

Indeed, the share of natural gas in power generation is still increasing.