Greece announces investment of 35 billion euros for energy transition

    The Greek Ministry of Energy eventually submitted a new national energy and climate plan to the European Commission aimed at reducing dependence on lignite solar power generation and increasing the use of solar renewable energy.

    The plan was submitted to the European Commission by a month. The plan states that the transition to a green economy will be based on institutional building, such as energy exchange, market transformation and consumer support.

    According to Stahakis, the Greek Minister of Environment and Energy, the plan facilitates a radical change in the renewable energy mix, making renewable energy account for 32% of end consumption.

    To achieve this goal, the plan anticipates a complete transformation of the power industry, with renewables replacing fossil fuels and accounting for more than 55% of final electricity consumption.

    The plan says lignite will be gradually reduced, but it continues to help reduce the country's dependence on imports, while natural gas will continue to be used for electricity by providing the necessary flexibility.