Renewable Energy surpasses fossil fuels in Greece for early 2024
Greece has reached a significant milestone as renewable Energy sources, including large hydro, overtook fossil fuels in power generation for the first four months of 2024. Renewables produced an impressive 8.09 TWh, while fossil fuels such as natural gas, lignite, and oil contributed 498 GWh less. This marks a critical shift in Greece’s move towards sustainable Energy.
Historic low in emissions
The transition to renewable Energy has led to a notable reduction in emissions from the power sector. The reliance on clean Energy resulted in an average carbon intensity of just 268 grams of CO2 per kilowatt-hour for the first quarter of 2024, continuing a decade-long decline. This demonstrates Greece's dedication to lowering its carbon footprint and addressing climate change.
Reduction in electricity imports
The increase in renewable Energy production has also significantly impacted Greece's electricity imports. With many days experiencing near-zero or negative prices in the wholesale market, imports were reduced by 2.22 TWh, making Greece a net exporter of electricity. This highlights the economic advantages of expanding renewable Energy capacity.
Continued decrease in carbon intensity
Over the past decade, Greece's electricity production carbon intensity has significantly decreased. From a peak of 875 grams of CO2 per kilowatt-hour in 2014, it dropped to an average of 268 grams in early 2024. This reduction is mainly due to the decline in lignite usage and the rise in renewable energy contributions.
Future outlook
Greece’s progress in renewable Energy is set to continue, with aims to further cut emissions and boost the share of renewables in its Energy mix. The substantial emission reductions from lignite, oil, and fossil gas underscore the effectiveness of Greece’s energy policies. The significant reductions in emissions from lignite, oil, and fossil gas highlight the effectiveness of Greece's energy policies and its commitment to a sustainable Energy future.
