Greece's Renewable Energy Sector Faces Financial Strain as Grid Failures Mount
Greece's once-thriving renewable energy sector is facing mounting challenges that could jeopardize its future. Just a few months into 2025, curtailments in green electricity production-primarily from solar and wind sources-have already matched the total seen throughout all of 2024. This sharp increase in energy that is produced but not utilized is causing a steep drop in revenues for companies that have invested in clean power, from small producers to major developers. Curtailment refers to situations in which renewable energy is generated but not fed into the national power grid. This often happens when electricity demand is low-such as during midday hours or weekends-and the grid cannot absorb all the available supply. As a result, the surplus energy goes unused and unpaid, directly impacting producers' income and undermining the profitability of renewable energy investments. The situation is growing increasingly dire for many...
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