16 July 2018
Lots of good news emerging out of Greece over the past two weeks:
Greece’s energy regulator, RAE, auctioned off a total of 277.32 MW in wind and solar photovoltaic (PV) capacities in in an auction held on July 2, obtaining prices lower than in the December 2016 pilot tender.
Bulgarian Energy Holding (BEH) and the European Investment Bank (EIB) have signed a Memorandum of Cooperation for the financing of the Bulgarian side of the Greek-Bulgarian gas grid interconnector (IGB), while, in a concurrent development, the IGB consortium and the TAP consortium, constructing the gas pipeline to carry Azeri natural gas through northern Greece, Albania and across the Adriatic Sea to Italy, have also signed an interconnection agreement to link the two pipelines.
Greek shipowners, meanwhile, continued their ordering spree focused on the LNG Carrier segment.
And the Copelouzos group has made moves both in the renewables/conventional electricity sector and in the DEPA Trade sale.
On the other hand, however, Eurasia Interconnector and ITPO seem highly unlikely to reach an agreement regarding the development of the Crete link. RAE is pushing the two stakeholders to form a joint venture for the delivery of the project as per the MoU signed last October. However, the Eurasia Interconnector consortium does not favour this solution and insists that the project is included in its responsibilities i.e. the connection of the Greek, Cypriot and Israeli grids via Crete.
Lots of good news emerging out of Greece over the past two weeks:
Greece’s energy regulator, RAE, auctioned off a total of 277.32 MW in wind and solar photovoltaic (PV) capacities in in an auction held on July 2, obtaining prices lower than in the December 2016 pilot tender.
Bulgarian Energy Holding (BEH) and the European Investment Bank (EIB) have signed a Memorandum of Cooperation for the financing of the Bulgarian side of the Greek-Bulgarian gas grid interconnector (IGB), while, in a concurrent development, the IGB consortium and the TAP consortium, constructing the gas pipeline to carry Azeri natural gas through northern Greece, Albania and across the Adriatic Sea to Italy, have also signed an interconnection agreement to link the two pipelines.
Greek shipowners, meanwhile, continued their ordering spree focused on the LNG Carrier segment.
And the Copelouzos group has made moves both in the renewables/conventional electricity sector and in the DEPA Trade sale.
On the other hand, however, Eurasia Interconnector and ITPO seem highly unlikely to reach an agreement regarding the development of the Crete link. RAE is pushing the two stakeholders to form a joint venture for the delivery of the project as per the MoU signed last October. However, the Eurasia Interconnector consortium does not favour this solution and insists that the project is included in its responsibilities i.e. the connection of the Greek, Cypriot and Israeli grids via Crete.
