Greece accelerating its efforts to become an energy hub, Sdoukou says at Greek House Davos Forum

Greece is accelerating its efforts to become a hub for the supply of energy and a clean energy exporter for the countries in the region and Central Europe, Deputy Environment and Energy Minister Alexandra Sdoukou underlined on Monday at the Greek House Davos Forum taking place in Switzerland.

The main target, she added, was for Greece to become an epicentre for the transfer of green energy from Africa and the Middle East to Europe, through projects such as the interconnection with Cyprus and Israel or that with Egypt.

Sdoukou also referred to the Trans-Adriatic Pipeline (TAP) and the Greek-Bulgarian pipeline that was recently completed, which support the energy transition and security of the countries of the region. She additionally presented new projects, which include the floating LNG terminal in Alexandroupolis that is to to begin commercial operation in the spring of 2024, the natural gas pipeline to North Macedonia which will operate in 2025 and the upgrading of electricity interconnections with all the countries of the region.

Referring to investments in Renewable Energy Sources, the deputy minister underlined that Greece is now one of the most attractive countries in the specific area, while investor interest is many times greater than the system’s capacity. “The economy is growing rapidly and attracts investments in networks, telecoms, digitisation, construction, banks and the energy sector, which is on the frontline,” she said.

Sdoukou also referred to the plan for the development of offshore wind parks, where she noted that Greece has a competitive advantage and has already presented a national growth plan whose initial goal is to put power units amounting to 2.0 GW into operation by 2030.