ECONOMY

Several big RES projects get the green light

The Regulatory Authority for Energy (RAE) announced yesterday the approval of several major projects concerning renewable energy sources (RES) for a total of 2.1 billion euros. The approval, completed last week, is for projects that will have a combined output of 840 megawatts. These regard a series of wind park projects by Rokas in the northern Aegean, with an output of 700 MW, a number of hybrid power stations by EdF on Crete for 100 MW, two projects by Sun Ray for 5 MW and a hybrid station by Ellaktor on Lesvos that will produce about 35 MW. ‘RAE is making every possible effort and has already proceeded with the acceleration of the licensing process,’ the watchdog said in its statement. However, the backlog of applications that has been delayed for bureaucratic reasons would provide an estimated capacity of 40,000 MW. Greece has pledged to increase the share of power from renewable energy to 40 percent of all electricity production by 2020.