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The gas price crisis has brought about extreme changes in power prices across Europe with Greece having the highest monthly average prices in Europe in August 2021. The economics of gas plants have shifted drastically but the energy transition does not seem threatened. Instead, the economics of renewables look better than ever for the short term. At the same time, medium and large industrial consumers are in a much tougher position and the possibility of long-term PPAs becomes a common thought.
With renewables auctions getting increasingly competitive, developers and investors explore the potential of PPAs as the next gear of growth in the Greek renewables market. Subsidised projects alone are far from sufficient to reach Greece’s 2030 NECP targets. Consequently, merchant projects with PPAs could play a decisive role in unlocking the country’s renewables potential.
Watch the recording of our recent public webinar using the link below.
You can view the presentation here.