The EU’s level of RES investment objectives has been raised even higher following an agreement reached this week by the member states and European Parliament for a swifter reduction of CO2 emissions by 2030, reached after many months of inconclusive negotiations.

The agreement for a CO2 emissions reduction of at least 55 percent by the end of the decade, instead of 40 percent, as had been previously set, will subsequently require EU member states to revise their National Energy and Climate Plans.

NECP objectives concerning wind, solar and all other green-energy technologies will need to be reset.

For Greece, this development means that a 2019 NECP goal for the installation of 8.8 GW in new RES capacity by 2030 needs to be increased to over 10 GW, sources have informed energypress.

The precise figure will be determined by the proportion, or mix, of wind, solar and other RES categories to be included in Greece’s updated NECP, as each technology offers different GWh results per GW installed.

Greece’s NECP committee will soon need to proceed with new calculations and decide on a revised strategy.

The country’s revised NECP will also detail Greece’s updated decarbonization plan, including PPC’s commitment to complete this effort sooner by turning off its Ptolemaida V facility as a lignite-fired unit in 2025, not 2028, as originally planned. PPC’s chief executive Giorgos Stassis pointed out this change of plan to analysts earlier this week.