Chart of the Month Vol. 20 | "Outlook of the Greek Energy Market towards 2030" | Powered by Deloitte

In this month’s Chart of the Month Vol. 20, we have a special edition presenting a more detailed outlook of the Greek energy market towards 2030 and 2050 through various topics encircling energy. This edition was presented last week at COP28 at the side event organized by our HAEE team!

Based on the revised Greek NECP, key milestones and targets for the energy transition of the Greek energy market are presented across specific subtopics such as the future RES and energy storage developments, the Natural Gas landscape in Greece, the future outlook of the interconnections, as well as opportunities in innovative technologies like CCUS and Hydrogen production.

Special focus is placed on important topics that form the pillars of Greece’s strategy for the energy transition. One such topic is the development of offshore wind parks in the Aegean and Ionian Seas. The first such pilot project was recently announced in Alexandroupolis with capacity of 600 MW. Additionally, in Alexandroupolis, another interesting project, the FSRU terminal, is expected to become operational in 2024.

Finally, we explore the investment landscape of Greece which is thriving with a recently upgraded investment grade and forecasts of surpassing EU growth rates. Significant funding inflows via RRF and REPowerEU promise a bright future for the sector. Favorable conditions for both traditional and emerging renewable energy technologies, alongside pivotal infrastructure developments, position Greece as a key player in Europe's energy independence, with the overall ambition of transforming Greece into an energy hub for Europe.

The “Chart of the Month” is a HAEE publication, powered by Deloitte.