The greater than doubling of Greek electrical energy exports within the first quarter of the yr was pushed by elevated RES manufacturing mixed with stagnant home demand. The Greek market stays import, however the circumstances developed in the course of the first quarter led to a big discount within the stability deficit, whereas there have been durations when Greece was an vitality exporter.

Based on ADMIE knowledge, electrical energy exports within the first quarter of 2024 reached 1,284 gigawatt hours in comparison with 561 final yr, registering a 129% leap, whereas imports fell by 31% to 1,907 gigawatt hours from 2,756 within the first quarter of 2023. Which means that web imports had been restricted to 623 gigawatt hours (from 2195 final yr), which in keeping with evaluation by Inexperienced Tank is the bottom within the final decade.

The rise within the manufacturing base of Renewable Sources mixed with favorable climate circumstances and stagnant demand are the primary causes for the rise in exports. In the long run, the growth of cross-border interconnections and the addition of storage items could make Greece an vitality exporter for the broader area and for Central Europe, particularly if the plans for a direct interconnection of our nation with Germany are profitable.

The Prime Minister’s vitality adviser, Nikos Tsafos, talked about the problem in a submit on social networks, noting amongst different issues that in latest weeks, with the assistance of the continuing “explosion” of renewable vitality sources, Greece has changed into a web exporter of electrical energy. “Internet exports have reached an unprecedented degree – larger than earlier durations when the nation exported greater than it imported. One ought to learn the short-term knowledge with warning. We can not draw many conclusions. However the numbers reinforce our strategic perception that our photo voltaic and wind potential can flip Greece right into a web exporter of electrical energy. They usually spotlight the necessity for better regional connectivity in order that vitality flows the place it’s wanted most,” he stated.

RES are main the race in energy era

Based mostly on Inexperienced Tank’s evaluation of electrical energy era within the first quarter, renewables (excluding giant hydro) generated 5,934 GWh, sustaining the lead in electrical energy era for the second yr in a row, surpassing by 959 GWh fossil fuel and lignite mixed (4,975 GWh). In second place was pure fuel (3925 GWh), which returned to 2021 ranges, displaying a rise of 42.6% in comparison with the primary quarter of 2023. Lignite adopted with 1050 GWh – with the bottom manufacturing (at the least) of final decade for the primary quarter of every yr – after which giant hydro with 902 GWh. In final place, with 624 GWh, had been web imports.

Internet energy from RES and enormous hydro within the first quarter of 2024 (6,836 GWh) was the very best in a decade, up 14.8% from the primary quarter of 2023 (5,953 GWh). RES along with hydroelectric, within the first quarter of the yr, had a share of 55% in protecting the demand. The earlier excessive was recorded in 2021 (49.2%), whereas in 2023 the corresponding share of unpolluted vitality was 48.2%.

Even better was the rise of their contribution to home electrical energy era, since RES along with giant hydroelectric crops had a share of 57.9% within the first quarter of 2024, barely diminished nevertheless in comparison with the corresponding efficiency of 2023 (58.6%).

Supply: RES-MPE

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