industrial energy

RES units in industrial PPAs for fast-track links reach 2 GW

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RES investors looking to benefit from a recent legislative revision offering connection-term priority to projects that have established PPAs with industrial consumers have until today to submit power purchase agreements to authorities.

RES projects signed up so far for PPAs with industrial consumers represent a total capacity of 2 GW, energypress sources have informed.

These PPAs include renegotiated agreements between power utility PPC and metal processing company Viohalko and cement producer Titan, for respective capacities of 520 and 300 MW, the sources noted.

Both Viohalko and Titan had signed PPAs with PPC prior to the energy ministry’s amendment offering connection-term priority to RES projects, but were renegotiated at the initiative of the two industrial consumers after they pointed out that new market conditions had been shaped by the legislative act.

According to sources, both Viohalko and cement producer Titan achieved deals well below the level of 56 euros per MWh agreed to for their original PPAs.

Mytilineos overtakes PPC as leading high-voltage supplier

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The Mytilineos group’s Protergia energy supply company has overtaken power utility PPC in the high-voltage category to become the new market leader, in this category, latest data issued by power grid operator IPTO covering January has shown.

Overall, for all categories combined, PPC shed nearly 3 percentage points in January, ending the month with a market share of 52.84 percent, down from 55.62 percent in December.

Protergia gained ground in all categories combined to capture second place in January with a market share of 14.65 percent, up from 9.19 percent in December. This rise has been mainly attributed to Mytilineos group member Aluminium of Greece’s switch from PPC to Protergia.

Heron was ranked third in all categories combined with a market share of 10.64 percent in January, down slightly from 10.76 percent in December.

In the medium-voltage category, PPC’s market share contracted to 34.7 percent in January from 36 percent in December, while Protergia and Heron both achieved gains. Heron’s market share in this category rose from 16.8 percent to 17.4 percent, while Protergia’s market share increased from 16 percent to 17.1 percent.

As for the low-voltage category, PPC shed just a mild fraction of its still-dominant market share, while Protergia was the big gainer, leaping nearly 1.5 percent, from 7.7 percent to 9.1 percent.

Overall electricity demand in Greece rose by 6.62 percent in January, 2024 compared to a year earlier, the IPTO data showed.

Also, renewable energy captured a 50.6 percent share of the country’s energy mix in January, followed by gas-fueled production, providing 41 percent of the month’s total, and hydropower, at 8.4 percent, the data showed.