Significant investments and coverage by RES of 80% of electricity demand in 2030

Renewable sources, storage and energy saving are three pillars on which the revised energy plan with a 2030 horizon is based, which was discussed yesterday in the relevant inter-ministerial committee and is to be officially presented in the coming days by the Minister of Environment and Energy Kostas Skrekas.

According to the information that has become known, the new National Plan for Energy and Climate provides for a significant upgrade of the targets for both the penetration of renewable sources and for energy storage and saving compared to the existing plan, while the planning of energy network operators will be adjusted accordingly in order to ensure the required margins for the reception of new RES and energy storage plants.

According to the same information, but also the official statements of the leadership of the Ministry of Environment so far:

-The installed capacity of RES units (photovoltaic, onshore and offshore wind, hydroelectric) is increased to 28 gigawatts compared to 19 gigawatts under the current plan.

-Energy storage units, which are critical for security of supply and maximising the penetration of renewables, are projected to reach 8 gigawatts.

-80 % of electricity demand in 2030 will be met by RES.

-Energy efficiency targets are upgraded with a focus on buildings and transport.

-Keep natural gas as a transition fuel until full carbonisation is achieved.

The targets of the new NAP are to some extent also determined by EU legislation which requires the EU to become the first climate neutral continent by 2050 and by 2030 carbon dioxide emissions to be reduced by at least 55 % compared to 1990. The energy crisis following the invasion of Ukraine has led the EU to accelerate the green transition. National energy and climate plans will be submitted to the EU by 30 June and finalised by mid-2024.

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