RES special account posts surplus figure for August

The country’s renewable energy sources (RES) special account is expected to pass over into surplus territory as of August, 2015, according to LAGIE, Greece’s Electricity Market Operator.

Based on latest forecasts made by the operator, posted in its September update, the RES special account will reach a surplus of 9.31 million euros next August, while a surplus of 50.77 million euros will be posted for 2015, overall.

As for 2016, LAGIE forecasts the year will begin with a surplus of 86.16 million euros, to be extended to 109.76 million euros in August of that year.

Returning to the present, the RES special account ended last August with a deficit of 186.30 million euros, down from 192.98 million euros in July and 218.65 million euros in June, based on LAGIE figures.

For the remainder of the current year, the operator forecasts deficits increases for the months of September and October, to 189.81 million euros and 210.39 million euros, respectively, followed by a reduction to 199.36 million euros in November and further contraction to 165.25 million euros at the year’s end.

The operator’s latest report also noted that installed total RES capacity throughout the country remained unchanged at 4,987 MW in August.

Installed wind energy facilities totaled 1,902 MW, photovoltaic facilities registered 2,214 MW, roof-mounted photovoltaic facilities were at 374 MW, small hydropower units registered 220 MW, biomass-biogas facilities amounted to 47 MW, and combined heat and power (CHP) was 229 MW.

Some changes were posted in RES electricity production. Wind-energy farms generated 283 GWh from 264 GWh, photovoltaics produced 375 GWh from 370 GWh, roof-mounted photovoltaic systems generated 57 GWh from 54 GWh, small hydropower units produced 33 GWh from 39 GWh, and CHP production remained unchanged at 102 GWh.