Renewable energy, storage units, networks and gas remain at the peak of interest
Significant investment interest in the Greek energy sector by Greek and foreign investors is found by the National Bank, which recently proceeded with the first funding agreement for the installation of 50 Megawatt Battery in our country, which is expected to be completed by the end of its end. year.
Renewable energy, storage units (batteries and pumping), networks and gas, despite the fact that the new RES units are now involved in the market remain without guaranteed prices remain at the forefront of interest at the peak of interest. Energy transition that is observed internationally after Trump’s election.
According to a meeting with journalists, National Bank Banking General Manager Vassilis Karamouzis, the role of banks in the country’s energy transition is and will remain very important, as only RES will require new investments of 15 to 20 billion. EUR, by 2030. Of these funds, about 50% will come from bank lending and the National Bank aims to maintain a leading role with over 30% in the energy market.
Ethniki has a 3 billion -euro RES funding portfolio, which accounts for 30% of the market, covering the full range of traditional RES projects, from energy communities and other small projects, to very complex large parks. It is noteworthy that half of the projects integrated by the National recovery fund concern RES, while from the 1 billion of the European Investment Bank agreements under the Green Investments program in Greece, National has absorbed 80%. The significant development of the RES portfolio was also combined with the first version of Green Bonds by a Hellenic Bank. The bank now has ~ Euro 1.2 billion through 2 versions.
Finally, the Energy Baseload Swap (EBS) product was highlighted in 2024 and enables businesses to stabilize their energy costs (in the case of consumer) or their revenue (in the case of RES producers) for a period of up to 10 years, through bilateral financial contract with National. This means that large and small RES producers have a locked tariff without necessarily concluding a bilateral agreement (PPA) with a large consumer and therefore – as EIB says – they acquire the ability to move more safely in the implementation of the investment and to go further in ensure more easily funding, given the reduced risk.
Source: Skai
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