Greece's New Gas Plants: Subsidizing the Unnecessary at Taxpayers' Expense
Greece's plan to expand its gas-fired power capacity is drawing increasing scrutiny, as new evidence suggests these high-cost projects may offer little value in a rapidly evolving energy landscape. With €1.6 billion in investments supported by the state, critics argue that the real driver behind these developments is not energy security but guaranteed investor returns-funded by taxpayers. Greece's push to build new gas-fired power plants is increasingly drawing criticism, as the rationale behind these investments appears increasingly out of step with both market realities and Europe's energy transition goals. Despite government claims that such infrastructure is vital for energy security, closer examination reveals a different picture: one of costly projects with limited utility, sustained not by market demand but by public subsidy. The Greek Ministry of Energy has backed investments totaling €1.6 billion, arguing that natural gas...
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