Imports, lignite, technical issue avoidance key to grid stability

The role of electricity imports, mobilization of power utility PPC lignite-fired power stations that have been sidelined for months, such as Megalopoli III, and unexpected technical failures at grid infrastructure and power stations are three key factors that will determine the performance of the country’s grid over the next few days, during which the ongoing heatwave conditions are forecast to peak and reach temperatures of as high as 45 degrees Celsius.

Power grid operator IPTO has already asked PPC to mobilize the Megalopoli III power station, a 250-MW unit headed for withdrawal and out of action over the past nine months as a result of grid saturation at the network in the Peloponnese.

But the extreme electricity demand has forced this unit’s return, highlighting the grid’s continuing dependence on lignite-fired generation during times of extreme need.

Over the past few days, lignite-based electricity has represented 16 percent of the country’s overall generation.

As for electricity imports, Greece, ideally, will need to import a few hundred MW from North Macedonia, Bulgaria and Turkey. The import potential from these sources is limited to between 1,400 and 1,500 MW annually.

A new interconnection to link Nea Santa, northeastern Greece, with Bulgaria’s Maritsa area in the country’s south, designed to double the grid interconnection capacity between the two countries, will not be ready before mid-2022.

The demand response system, compensating industrial consumers when the TSO (IPTO) asks them to shift their energy usage (lower or stop consumption) during high-demand hours, so as to balance the electricity system’s needs, is another tool that could be activated to save and re-channel approximately 1,000 MW.

Siemens Gamesa signs contract for 40-MW wind farm in Macedonia

Siemens Gamesa has signed a 40-MW contract with Vendavel to supply eight SG 5.0-145 model turbines, one of the company’s most powerful onshore wind turbines, which is increasingly gaining ground in the country, and is especially suitable for sites with medium level winds.

The Vissima wind farm is located in Macedonia, northern Greece, and is scheduled to be commissioned in the last quarter of 2022. The contract with Vendavel also includes a long-term service agreement for a period of 20 years.

This is the second contract Siemens Gamesa has signed with Vendavel. The first one corresponds to the Melia project, a 35-MW wind farm which started producing energy at the beginning of this year.

The 40-MW of clean energy that the Vissima wind farm will produce will provide electricity to around 35,000 households. In addition, its size will help to avoid the emission of 105,000 tonnes of CO2 a year, the equivalent to the emissions of more than 60,000 vehicles. To achieve this CO2 saving, close to two million trees would need to be planted.

“The second agreement reached with Vendavel reflects our mutual confidence and will contribute to the growth of the wind energy sector in the country. It will also helping increase our presence in the Greek market, where we have installed 98 MW in the first half of this year, 38% of the total installed capacity in the country,” said Spyros Rozis, managing director of Siemens Gamesa in Greece.

Siemens Gamesa currently has 761 MW installed in Greece, with a market share of 17.4%, according to the latest available data from HWEA, the Hellenic Wind Energy Association.

Pilot auction for 200-MW RES units combining energy storage worked on

A new RES support framework prepared by the energy ministry for the European Commission to examine includes provisions for a pilot auction offering tariffs to 200-MW RES projects combining energy storage, energypress sources have informed.

This is the first time a specific tariff-related procedure is being prepared for this category of projects, expected to play an instrumental role on the country’s energy map in the years ahead.

However, it remains unclear when such RES production-energy storage project combinations could mature.

A recent legislative revision delivered by the energy ministry freezes, until the end of the year, applications and issuance of production licenses, environmental permits and connection terms for energy storage projects combining RES units until a related framework is, in the meantime, established.

The new RES support mechanism, nearing finalization as details are being worked on by energy ministry and Brussels officials, is expected to facilitate the continuation of competitive procedures for tariffs until 2025.

 

 

Authorities on alert, heatwave leads to record price levels

The country’s latest prolonged heatwave conditions have made huge impact on the energy market, driving up today’s wholesale electricity average price to 136 euros per MWh and the price of natural gas to a 16-year high, once again testing the grid’s limits, as well as those of suppliers and their household and business customers.

Today’s wholesale price ascent to 136 euros per MWh adds to the steady rise of recent days, which began the week at 93 euros per MWh on Monday, following an average level of 75 euros per MWh last week. The increase represents an 83 percent wholesale electricity price increase in a week.

Continual use of air condition systems over the next few days of extreme hot weather, that has been forecast, is expected to further increase electricity demand and price levels, placing on high alert market players and officials, from the operators to RAE, the Regulatory Authority for Energy, the energy ministry, power utility PPC and independent energy producers.

Despite the increased pressure, grid sufficiency, for the time being, appears to be under control. No power station damages have been reported, while PPC’s lignite-fired power stations, nowadays representing a high-cost option, along with big RES units, have been mobilized, creating safe conditions for the challenging evening hours, from 7pm until midnight.

At present, supply is exceeding demand, typically reaching levels of approximately 9.5 GW in recent days, all hot.

 

 

NSRF offering €5.2bn for green transition, decarbonization

Nearly one quarter, or 5.2 billion euros, of the new National Strategic Reference Framework (NSRF) amount allotted to Greece, covering 2021 to 2027, will be used to support the country’s green-energy transition and decarbonization efforts.

The funding will be divided into two programs, one for Environment, Energy and Climate Change, worth 3.61 billion euros, and the other for Fair Developmental Transition, worth 1.63 billion euros.

The two programs will offer support for investments promoting RES penetration, environmental protection, a circular economy, the climate change defense, while also supporting the decarbonization effort in the western Macedonia and Megalopoli regions, both lignite-dependent local economies, as well as the islands.

The Environment, Energy and Climate Change section of the NSRF funding package, presented in Athens yesterday, has been designed to lead to: “A greener and more resilient Europe with low carbon emissions, through the promotion of clean energy, green and blue investments, a circular economy, climate change mitigation and adjustment, risk prevention and management, and sustainable urban mobility.”

 

HEDNO’s Crete assets set for transfer to IPTO

An energy ministry legislative revision facilitating the transfer to power grid operator IPTO of distribution network operator DEDDIE/HEDNO’s assets on Crete, a pending issue needed for the launch of market activity concerning the island’s small-scale interconnection with the Peloponnese, has been submitted to Parliament for ratification, ending months of debate on the matter.

As of August 1, Crete’s entire package of high-voltage electricity grid assets will be transferred from power utility PPC, DEDDIE/HEDNO’s parent company, to IPTO, the new owner of these assets, taking on their operational management.

Until now, DEDDIE/HEDNO has been responsible for the management of Crete’s small-scale interconnection with the Peloponnese.

The price IPTO will need to pay for the acquisition of these Cretan grid assets will be determined by their market value, to be calculated over two stages.

The first will reflect the regulatory value of the assets. The second, to be calculated at a latter date, will concern the evaluation of the assets transferred to IPTO by an independent, specialized appraiser to be accepted by both IPTO and PPC.

 

Cable development obligations for island RES projects dropped

Older RES project plans whose licenses obligated holders to also develop related cable connections can now proceed with the installation of projects without needing to develop the cable connections, according to a legislative revision drafted by the energy ministry.

The revision concerns RES projects with electricity production licenses issued prior to January 1, 2016 and planned for development on islands or island complexes that have been interconnected with the mainland or are planned to be interconnected by December 31, 2024, based on power grid operator IPTO’s ten-year development plan.

 

 

DEPA Infrastructure bidder legal files opened ahead of offers

Privatization fund TAIPED has opened first-stage files carrying legal documents submitted by two bidders, Italy’s gas network operator Italgas and the Czech Republic’s EP INVESTMENT ADVISORS, for the 100 percent sale of gas company DEPA Infrastructure.

This is the first step before the financial offers submitted by the two bidders are opened.

TAIPED officials are now examining the legal documents in case any clarification is needed before the sale’s procedure advances to the second and final stage, when the financial offers are opened, probably towards the end of August or early September.

The possibility of the bidders being asked to improve their offers has not been ruled out.

 

Robust results at EDA THESS for first half of 2021

The Board of Directors of EDA THESS approved the results of the first half of 2021.

In particular, natural gas penetration continued in the first half of 2021, exceeding 64% of the population in the Licensed areas, as a dynamic growth of the market was recorded with the signing of 9,970 new connection contracts, increased by 20.2% compared to the corresponding period of 2020. The increase in the natural gas distributed volumes was significant, as it amounted to 313.2 million Nm3, increased by 12.7% compared to the first half of 2020, driven by the expansion of the consumer base and the connection of large consumers and energy-intensive industries.

The Company’s rapid growth rates are the result of its targeted development planning based on the continuous optimization of the provided services to end consumers and distribution users as well as the rapid decline of the network usage tariffs, which for 2021 reached 21% in domestic use and 56% in industrial offering multiple economic advantages to consumers. Equally important were the environmental benefits from the use of natural gas in the areas of the License, as only for the first half of 2021 more than 365.5 thousand tons of carbon dioxide and more than 2.1 thousand tons of sulfur dioxide were saved. The increasing penetration of natural gas in a transitional period for the national economy, energy and the environment, plays a decisive role in the effort for the recovery and achievement of the State’s environmental objectives.

The Company continues the implementation of its investment planning, respecting the legal, regulatory framework and the decisions of the Authority, with consistent and thorough implementation of an integrated strategy based on the efficient management of the available resources. During the first semester of the year, EDA THESS observed the approved Development Program, constructing high standard networks, based on safety and technical integrity. At the same time, the Company achieved the streamlining of costs, always in accordance with the approved expenses by RAE without burdening the distribution tariff for the end consumers. The operational preparedness of EDA THESS, which guarantees the safe and uninterrupted operation of the distribution network has also been maintained at a high level.

The investments of the first semester of the year were implemented according to the annual planning, exceeding € 14.5 million, increased by 15.7% compared to the corresponding period of the previous year, while by the end of the year, the full implementation of the investment program is expected. The Company continues to invest in the development of modern natural gas infrastructure and innovative technologies, while supporting the ongoing process towards its digital transformation. A process inextricably linked to the energy transition, as in addition to increasing efficiency, the digitization – automation of operations and the flexibility of gas infrastructure and network will enable the future integration of renewable gases. Thus, the crucial role of distribution networks is emerging, paving the way for the decarbonization of the final energy mix while contributing to the achievement of national and European Energy and Climate Sustainability goals.

The strong performance of EDA THESS is also reflected in its financial results, as the Company’s total revenue amounted to € 36.8 million, exceeding the budget by 7.9% while earnings before interest, taxes, depreciation and amortization (EBITDA) for the first half of the year reached € 26.6 million, showing an increase of 14.3% compared to the budget. Finally, the Company’s earnings after taxes amounted to € 13.8 million, increased by 21.9% in comparison with the budget levels.

Concluding the Meeting, the convening of the Ordinary General Assembly Meeting for the approval of distribution of dividends for the fiscal year 2020 to the shareholders was scheduled.

Repsol leaving last Greek concession, domestic upstream aspirations fading

Spain’s Repsol is believed to be in the process of abandoning its last remaining hydrocarbon concession in Greece, an Ionian Sea block, even though the company has yet to officially notify EDEY, the Greek Hydrocarbon Management Company.

It remains to be seen whether ELPE (Hellenic Petroleum), Repsol’s partner in the Ionian Sea block, will follow suit and return its share to EDEY. ELPE officials have not clarified the group’s position.

Repsol previously returned to the Greek State its stake in an Etoloakarnania concession along with project partner Energean, and also transferred its stake in an Ioannina block to the Greek upstream company.

Like all major oil groups, Repsol has suffered major financial setbacks as a result of the pandemic and drop in oil prices, serving as catalysts in the company’s decision to restrict its exposure to the upstream sector.

At the beginning of this year, Repsol announced a decision to exit 14 countries, including Greece, from a total of 28 in which the company has held interests.

Upstream players are looking to readjust following the impact of the pandemic and more ambitious climate-change targets, including by the EU.

These developments appear to be shelving Greece’s ambitions for hydrocarbon discoveries following initiatives launched 11 to 12 years ago.

Both ELPE and Energean have requested and received extensions from EDEY for a series of concessions held within Greek territory.

Ministry bill for small-scale PVs without competition procedure

The energy ministry has submitted legislative revisions to Parliament facilitating the installation of small-scale PVs, up to 500 KW, without competitive procedures as long as interested parties do not already own two such units that have also been installed without competitive procedures.

The draft bill also includes a revision designed to rectify unfair terms of the past for small-scale PVs on non-interconnected islands by offering 10 percent tariff increases for their output.

Another article in the bill enables older RES projects with licenses including provisions for the installation of connecting cables to now be developed without cable links if the hosting island has been interconnected or is in the process of being interconnected.

The bill also transfers distribution network operator DEDDIE’s assets on Crete to power grid operator IPTO, a pending issue that must be resolved for the launch of market activity concerning the island’s small-scale interconnection with the Peloponnese.

PPC industrial supply deals last act ahead of market share dive

Power utility PPC’s latest supply agreements with industrial consumers, finalized just days ago with steel producer Viohalco, Titan cement and building materials group, as well as all other industrial players, following a preceding deal with Aluminium of Greece, a member of the Mytilineos group, represent, barring unexpected developments, the final act ahead of major market changes that will dramatically reduce the utility’s market share beyond December 31, 2023, when these new high-voltage supply agreements expire.

They are PPC’s last industrial supply agreements offering fixed tariffs. As of 2024, PPC will offer indexed tariff prices that will be pegged to the wholesale electricity market’s monthly clearing price in the day-ahead market.

This change will most likely prompt industrial consumers to seek alternative electricity supply solutions.

Aluminium of Greece has already done so, as it plans to receive electricity from the Mytilineos group’s new natural gas-fired power plant being developed in the Agios Nikolaos industrial zone in Viotia’s Agios Nikolaos area, northwest of Athens, to be direct cable-linked to the Aluminium of Greece facility, as well as through RES production, ending a 60-year association with PPC.

At present, PPC sells an annual electricity amount of between 63 to 64 TWh, of which approximately 5 TWh concern high-voltage electricity. If energy-intensive consumers leave PPC from 2024 onwards, to avoid indexed tariffs, the utility’s electricity sales will drop to between 58 and 59 TWh, and, by extension, its retail market share will contract to about 50 percent from 64 percent at present.

This is the state-controlled utility’s aim as an evenly divided electricity market in which PPC will hold a market share of about 50 percent and the independent suppliers the other 50 percent will end the DG Comp’s frequent interventions over the utility’s excessive retail market share.

The energy ministry is aiming for green-energy power purchase agreements (PPAs) to cover 20 percent of industrial electricity demand by next year.

 

Heatwave pushes up wholesale prices to over €100/MWh once again

The latest rise in temperatures, prompting further heatwave conditions around Greece, is impacting the wholesale electricity market as the average clearing price in the day-ahead market has risen again to levels of over 100 euros per MWh, following days of more subdued levels, according to energy exchange data.

The average clearing price for today is up to 103.8 euros per MWh, up from yesterday’s level of 93.47 euros per MWh and Sunday’s level of 75.34 euros per MWh.

According to the day-ahead market figures, overall electricity generation today is planned to reach 167,437,017 MWh, with lignite-fired power stations covering just 11,172 MWh, natural gas-fired power stations providing 86,541,739 MWh, hydropower facilities generating 11,829 MWh and all other RES units providing 57,894,278 MWh. Electricity imports are planned to reach 16,159,231 MWh.

Today’s electricity demand is expected to peak at 12.30pm, reaching 8,580 MW, according to data provided by IPTO, the power grid operator.

Three of power utility PPC’s lignite-fired power stations, Agios Dimitrios III, Megalopoli IV and Meliti, will be brought into action today, while five of the utility’s natural gas-fired power stations, Aliveri V, Lavrio IV and V, Komotini and Megalopoli V, will also be mobilized, along with gas-fired units operated by the independent players Heron, ENTHES, Elpedison (Thisvi), Protergia and Korinthos Power.

RAE rethinks 30% wholesale price clause swing limit for bills

RAE, the Regulatory Authority for Energy, appears set to adopt changes proposed by electricity market players for the authority’s package concerning new electricity bill pricing rules, including an appeal by suppliers urging the authority to avoid imposing a 30 percent limit on a clause enabling them to increase or decrease prices in accordance with wholesale price swings.

The authority’s proposal for this 30 percent limit, announced on July 16, prompted considerable reaction from electricity suppliers, who warned it would stifle competition, adding the Greek energy exchange does not possess tools that can offset wholesale-related cost.

Electricity suppliers have incorporated clauses into their electricity bills enabling price adjustments in accordance with wholesale price level increases or decreases.

The imposition of a 30 percent limit, up or down, would inflict even greater financial pain on smaller electricity suppliers, protesting market players warned.

RAE’s revised rules, seeking to offer consumers greater electricity-bill clarity and price-comparing ability, will be forwarded for a follow-up consultation procedure, possibly as early as this Friday. Otherwise, the procedure is seen commencing within August.

New energy efficiency subsidies exclude PVs, vehicle rechargers

The latest edition of the “Saving at Home – Becoming Autonomous” program subsidizing energy efficiency upgrades, expected to be announced on Thursday by the energy and environment ministry, will focus on domestic energy efficiency upgrades and not offer subsidy support for domestic installations of photovoltaic systems and electric vehicle recharging units.

Applicants with income levels below the poverty line, deemed, by the ministry, as personal incomes of up to 5,000 euros per annum and family incomes of up to 12,000 euros per annum, will be given priority.

Also, low-income applicants will be entitled to greater subsidy amounts representing 65 percent of efficiency upgrade expenses.

The new subsidy program, planned to be launched in September, is expected to be worth 500 million euros. Successful applicants will each be entitled to subsidy support of up to 50,000 euros, unchanged from the program’s previous edition.

Applications will not be processed on a first-come, first-served basis but, instead, priority will be determined by a combination of the following factors: applicant income level and number of people living in each household; age of building; and regional climate conditions.

Applicants who present plans promising to maximize energy efficiency levels with lower investment amounts will also be given priority.

 

PPC near deals with industrial customers after Aluminium of Greece agreement

Power utility PPC, which officially reached a supply agreement last week with Aluminium of Greece, a member of the Mytilineos group, is close to finalizing agreements with all other industrial consumers. Announcements of new deals could be imminent.

PPC and the industrial consumers still need to agree on the extent of a tariff increase, expected to be set at approximately 20 percent. The new agreements are not expected to offer consumers discounts for punctual payments.

Other details being discussed between the two sides include how the respective profiles of industrial consumers will influence tariff agreements. Take-or-pay clause details are also still being negotiated.

This round of deals between PPC and industrial consumers will be the last involving fixed tariff agreements.

From 2023 onwards, industrial consumers establishing supply agreements with PPC will be subject to floating rates pegged to wholesale market costs.

Industrial tariffs will fluctuate in accordance with monthly clearing prices at the energy exchange’s day-ahead market.

PPC’s recent agreement with Aluminium of Greece, covering July 1, 2021 to December 31, 2023, is the last following a 60-year association between the two companies. The Mytilineos group has set eco-friendly objectives for aluminium production.

Beyond 2023, Aluminium of Greece will receive electricity from the Mytilineos group’s new natural gas-fired power plant being developed in the Agios Nikolaos industrial zone in Viotia’s Agios Nikolaos area, northwest of Athens, to be direct cable-linked to the Aluminium of Greece facility, as well as through RES production.

Energean’s Prinos field losses seen reaching €32m in 2021

Upstream company Energean’s Prinos field concession, south of Kavala in northern Greece, is projected to incur yet another increase in losses this year, in excess of 32 million euros, according to a 2021 budget submitted by the company to EDEY, the Greek Hydrocarbon Management Company.

These losses, which do not include debt payments for investments made in previous years, will add to accumulated losses of 200 million euros incurred by the company through its operations at Prinos, Greece’s only active hydrocarbon field.

Production at the Prinos field is expected to narrowly exceed a total of 500,000 barrels this year, according to the company budget’s projections.

The budget’s projections were based on the assumptions of an average Brent index oil price of 60 dollars per barrel, reduced revenues of between 7 and 8 dollars per barrel at the Prinos field as a result of the inferior quality of oil produced, as well as a euro-dollar exchange rate of 1.20.

Based on these figures, the Prinos field’s revenue for 2021 is projected to reach 22.3 million euros, with expenses reaching 54.3 million euros.

Despite the negative results amid an unfavorable climate, Energean plans to recommence investments at the Gulf of Kavala’s “Epsilon” field with an amount of 13 million euros, part of total investments worth 23 million euros.

Prinos is currently producing from 14 wells, two out of which are horizontal at the North Prinos and Epsilon Fields.

The horizontal drills at the Epsilon field are expected to begin producing 15 months after the recommencement of investments.

These investments will include the completion of a new platform at the Lamda deposit, to emerge as the first new platform in Greece since 1977. Prinos began producing 40 years ago.

 

 

Net metering upper limit set to be increased to 3 MW

A net metering capacity upper limit of 1 MW will be increased to 3 MW through a ministerial decision expected to be delivered this week.

In addition, through this same decision, a number of revisions will be made to simplify net metering procedures, especially for projects with capacities below 50 KW.

The net-metering capacity increase will enable energy cost reductions for many enterprises, PV company officials have noted.

Logistics centers, airports, hotels, supermarkets and small-scale industries all stand to benefit as such enterprises typically possess abundant spare space that could be utilized for solar energy system installations. They consume considerable amounts of electricity that could be offset through net metering.

The PV company officials informed that many customers who had installed net-metering facilities for up to 1 MW are already expressing interest to invest in capacity boosts, highlighting the market need being satisfied by the upcoming related ministerial decision.

 

Operator releases supplier energy-mix list for 2020

RES market operator DAPEEP has published a list of the energy mixes of energy suppliers for 2020, showing which companies are pursuing the most eco-friendly policies.

The operator, in publishing the list, noted that electricity suppliers are obligated to supply consumers with information on their energy sources for the previous year, in clear and comparable fashion, as well as information on the environmental impact of their choices, or CO2 emission levels concerning electricity generation they market.

 

International Energy Exhibition of Greece staged successfully

The inauguration of the International Energy Exhibition of Greece was successfully completed at 5th Cretan Energy Conferences 8-10 July in Crete. Under the auspices of Ministry of Environment & Energy, Ministry of Maritime affairs & Island Policy, Ministry of Infrastructure & Transport and the support of Region of Crete and the attendance of international companies, academics and institutes.
The event was inaugurated with a combination of culture and energy, with the Ariadne thread giving the baton to innovation. Entities from all spectrum of energy sector had the chance to communicate both physically and by distance, to exchange views and compose new perspectives. Among the numerous topics, there was particular interest at the hydrogen topic where international challenges were expressed along with developmental opportunities, the formulation of national strategy and the importance of the hydrogen usage in the local infrastructure of Crete.
Material from the content of the International Energy Exhibition of Greece will be available in our website and our Youtube channel.

RES investors in rush to avoid €35,000/MWh guarantee cost

Thousands of RES investors already holding producer certificates are racing against time to avoid letter-of-guarantee payments of 35,000 euros per MW, which will be avoided if they manage to submit complete applications for finalized connection offers by a February 28, 2022 deadline to distribution network operator DEDDIE/HEDNO or power grid operator IPTO.

This same deadline applies for imminent producer certificates to be issued through last month’s application cycle. RAE, the Regulatory Authority for Energy, has already begun processing these applications submitted in June. If these investors miss the February deadline for finalized connection offers, they too will also face letter of guarantee costs.

From the next cycle – in October – onwards, most applicants will need to submit letters of guarantee worth 35,000 euros per MW. Investors behind smaller projects with capacities of less than 1 MW, strategic investments, projects for public-benefit purposes, as well as projects developed by local authorities and foundations, will be exempted from the upcoming letter of guarantee requirement.

Its prospect is expected to increase the pressure on DEDDIE/HEDNO and IPTO, expected to face an increased inflow of applications over the next few months as investors scramble to meet the February 28 deadline.

The 35,000-euro per MWh letter of guarantee is being introduced to prevent saturation caused by applicants submitting bids but not following up with actual project development.

Huawei FusionSolar Residential Smart PV wins iF design award

Two key products from Huawei FusionSolar Residential Smart PV product suite – SUN2000 Smart Energy Controller and LUNA 2000 Smart String Energy Storage System (ESS) – have recently been honored with iF Design Awards 2021.

These awards demonstrate the global recognition of Huawei’s creative and user-friendly designs that blend function and emotion, and fuse tech with nature. This marks the second such iF Design Award bestowed upon Huawei residential Smart PV solution, following the success of FusionSolar App in 2020.

Huawei has always adhered to user-centered and innovative product design principles to meet the needs of customers around the world.

Since 1953, the iF Design Award is organized by Hannover-based iF International Forum Design GmbH, the oldest industrial design institute in Germany, and has become one of the world’s three most prestigious design awards, and also known as the “Design Oscar”.

It builds its reputation on independent, rigorous, and reliable guiding principles. Since 1953, the iF Design Award has been recognized internationally as a symbol of design excellence. The jury of almost 60 world-renowned experts from more than 20 countries select products that excel in design, user experience, and innovation based on rigorous criteria and procedures.

SUN2000 Smart Energy Controller

The SUN2000 Smart Energy Controller features a smooth and exquisite appearance that matches its powerful functions. As the first-of-its-kind smart PV inverter utilizing AI-boost arcing protection, the smart energy controller boasts the highest safety rating and can increase energy yields by 30% when coupled with the optimizer, providing users with safe, stable, and green energy. Thus, it enables families to enjoy a low-carbon life.

LUNA2000 Smart String Energy Storage System

The smooth, sleek, waterfall-inspired aesthetic design of LUNA2000 ensures a good fit in the home environment, where the device serves as a backup power supply. Advanced high-voltage parallel connection technology supports the mixed-use of both old and new batteries. Its modular design promises both pack-level and rack-level optimizations that can increase the charge and discharge capacity, maximizing the potential of each battery. The home energy storage system gives homeowners confidence and peace of mind with five layers of safety protection.

Huawei FusionSolar App

As an integral part of our residential solution, Huawei FusionSolar App was also recognized with an iF Design Award in 2020. The app refines management to the module level and offers a user-friendly interface, presenting all the information you need right at your fingertips. It also allows you to check home power consumption in real-time and provides suggestions on how to fully utilize excess solar energy, while supporting intelligent management of each PV module to improve the efficiency of energy production. This attention to detail even extends to the APP’s interface that appears warm in color, bringing to mind the comforting warmth of home.

Huawei FusionSolar Residential Smart PV solution has already been deployed in over 500,000 households around the world, and has redefined modern living through three-layer protection, proactive safety for the entire house, intelligent management of each PV module to ensure optimal power generation performance, and stable operation during power outages.

 

 

 

 

RES capacity boosted, auctions to be extended until 2025

Greece’s new RES support mechanism, whose details are being finalized in talks between the energy ministry and European Commission officials, is expected to offer producers greater capacities, maintain the current system of 20-year tariffs for output through auctions, which will run until 2025, not 2023, as was originally planned.

The changes reflect the country’s revised and more ambitious National Energy and Climate Plan (NECP), aligned with loftier EU objectives for a greater number of RES installations.

The new auctions will be mixed, enabling the participation of both solar and wind energy producers, but wind energy producers will be entitled to at least 30 percent of capacity offered at each auction.

The country’s original RES auction plan, drafted by former energy minister Costis Hatzidakis, now holding the labor and social affairs portfolio, had proposed 6 RES auctions each offering 350 MW for a total of 2.1 GW, but this total is now expected to be raised to at least 3 GW.

RES tariffs remunerating output have fallen considerably at recent RES auctions, driven lower by the intensified competition.

Also, the plan appears likely to include special geographically based RES auctions covering areas such as Crete, Evia and the Cyclades, as well as provisions for small-scale PV installations.

 

EVIKEN expresses support for strategic reserve, opposes CRM

EVIKEN, the Association of Industrial Energy Consumers, has expressed support for the establishment of a strategic reserve mechanism but opposes a Capacity Remuneration Mechanism (CRM).

There is no immediate need for a CRM as current remuneration available to natural gas-fueled power stations through the balancing market ensures their profitability, EVIKEN members supported.

Both mechanisms have been included in the Market Reform Plan shaped by the government.

EVIKEN has rejected a related study’s findings contending that natural gas-fueled power stations are currently incurring losses.

The industrial energy consumers group called for measures that would transform the market so that it can operate at standards set by other European markets before talks can begin to seek additional remuneration for energy producers.

RES simplification, energy storage bills in September

The energy ministry plans to submit a draft bill to Parliament in September, following public consultation, for a second round of RES licensing simplifications concerning new projects.

During this time, the ministry intends to have also finalized and forwarded its legislative framework for the emerging energy storage sector, to play a crucial role in the country’s ambitious RES output targets.

The energy ministry plans to jointly submit the RES licensing simplification and energy storage bills to Parliament.

The new RES licensing simplification revisions will be based on a key proposal made by the energy ministry’s secretary-general Alexandra Sdoukou, heading the ministry’s RES licensing committee, entailing the termination of non-binding connection offers.

Instead, investors behind new RES projects will directly proceed to applications for finalized connection offers, once environmental permits have been issued.

Also, RES investors will be set time limits to submit installation permit applications for projects. Time will begin counting as soon as the investors have accepted finalized connection offers. If the time limit is not met, RES production certificates for corresponding projects will automatically expire.

According to the ministry plan, PV projects, land-installed wind turbines and hybrid stations will be given 12-month periods, while all other RES technologies and combined cooling, heat and power (CCHP) units will have 18 months.

Licensing authorities will also be set time limits, according to the plan. They will be given 20-day limits to request any additional information or clarification from investors. Also, authorities will have 20 days to issue RES licenses once applications are deemed complete.

‘DAPEEP should manage PPAs platform, not energy exchange’

Preparations for the country’s Market Reform Plan, expected to soon be submitted to the European Commission for approval, have prompted a reaction from RES market operator DAPEEP, asserting it should be appointed operator of green-energy power purchase agreements (PPAs) instead of the energy exchange, as has been stipulated in the plan, now undergoing public consultation.

DAPEEP’s objection to the PPA plan, included in the Market Reform Plan, emerged at a meeting staged by RAE, the Regulatory Authority for Energy, uring discussion on the road map for domestic wholesale electricity market revisions.

DAPEEP’s operator’s chief official Yiannis Giarentis protested that the operator has supported the RES sector’s development for years, being at the helm of this market for 20 years, but has now been sidelined as green-energy PPAs, to facilitate bilateral agreements between RES producers and industrial consumers, are about to come into the picture.

RAE will now examine various proposals and views before taking a stance on the matter.

Energy storage interest enormous, applications for over 12 GW

Investment interest for the installation of energy storage units is already considerable, even though related licensing and support mechanism frameworks have yet to be established, data presented yesterday by RAE, the Regulatory Authority for Energy, has shown.

According to the data, RAE, since October, 2019, has received 123 applications for prospective energy storage and pumped storage projects representing a total of 12,229 MW.

Of these applications, 110 concern energy storage systems representing a total capacity of 9,102 MW, the RAE data showed.

To date, RAE has already issued production licenses for 38 energy storage units with a total capacity of 3,582 MW.

A further 12 applications representing 2,447 MW are for pumped storage units, not including a Terna Energy project in Amfilohia, northwestern Greece.

So far, RAE has issued three licenses for pumped storage facilities representing 807 MW.

Energy ministry officials already suspect the energy storage market may experience overheating issues, as has been the case with the RES market.

Energy storage subsidies to ‘cover up to 40% of project cost’

The energy ministry is close to finalizing the shape of its proposal for a competitive procedure concerning investment support qualification for energy storage units through the EU Recovery and Resilience Facility, the ministry’s secretary-general Alexandra Sdoukou informed yesterday during a speech on the first day of a conference titled “Investing in Green Energy Transition: Energy Storage – New Technologies – Energy Saving”.

According to Sdoukou, the ministry is striving to forward its proposal to the European Commission as soon as possible as Athens aims to launch the competitive procedure in the first quarter of 2022.

Investors are expected to be offered 200 million euros through the competitive procedure as investment support for energy storage systems totaling at least 500 MW.

Greece is expected to have determined and notified all qualifying parties by the second quarter of 2023.

The government aims to offer a total of 450 million euros as investment support for energy storage and pumped storage projects.

Sdoukou asserted that this amount will suffice to cover subsidies of up to 40 percent for the development of energy storage systems, necessary to support the country’s increased RES penetration objective set for 2030.

Market Reform Plan, Adequacy Report rush ahead of break

The energy ministry is striving to offer a swift response to a set of European Commission queries concerning Greece’s updated Market Reform Plan, forwarded for public consultation by RAE, the Regulatory Authority for Energy.

The energy ministry is aiming to submit a finalized plan to Brussels by the end of July, so that the European Commission can process and approve the plan before its officials take off for their summer breaks in August.

The queries forwarded by the European Commission primarily seek clarification and do not raise any fundamental issues, which has given Greek officials hope of the plan’s imminent finalization.

Brussels’ approval of the Market Reform Plan is crucial as it is one of two prerequisites faced by Athens before the government can submit an application for a support mechanism, either a Strategic Reserve, which would compensate power utility PPC for maintaining its lignite-fired power stations on emergency stand-by, or a Capacity Remuneration Mechanism.

The second requirement is Brussels’ approval of an Adequacy Report being prepared by IPTO, Greece’s power grid operator. Its finalization was originally planned for the end of July but this aim now seems set to be delayed by a week or two.

Foreign Ministry: Turkey’s new announcements violate the UN Safety Council Treaties

Today, the 47-year anniversary from the Turkish invasion of Cyprus that led to the illegal occupation of over one third of the island, we are paying tribute to those who resisted the invader and especially to the fallen, said the Greek Foreign Ministry in an announcement on Tuesday.
“The entire Hellenism continues to live with the drama of the thousands of missing, displaced and trapped on Cyprus” the ministry said adding that “Greece, in total coordination with the Republic of Cyprus, is working for a fair and viable solution for the Cyprus issue, a solution based on the UN Safety Council Treaties and on the European Acquis. A Cyprus united in the context of a bizonal, bi-communal federation”.
“Turkey’s continuous efforts as well as of the current Turkish-Cypriot leadership for the reversal of the above prospect find us totally opposed and we reject them in their entirety” the Foreign Ministry said and concluded “The continuation of the illegal actions as well as of the new announcements from the Turkish side violate the decisions of the UN Safety Council and are in sharp contrast with the European Council’s conclusions as well as with the appeals of the international community. They are reprehensible and should not be left unanswered. Turkey should stop immediately its provocative and delinquent attitude and abide by the international law”.