Greece's energy transition at risk - What are the obstacles threatening the 2030 targets?
Over-reliance on photovoltaic panels and the slow development of new technologies or energy storage systems are jeopardizing Greece's green future.
The country has seen rapid growth in renewable energy over the past five years, with green sources exceeding 50% of total generation. However, this success has also brought major challenges that the government must address to achieve its targets by 2030.
This year, power generation constraints have doubled compared to 2024, while the number of hours with zero or negative prices in the day-ahead market has increased. This means that producers face lost profits, causing some investors to withdraw from the Greek market due to deteriorating conditions.
At the same time, there is a huge waiting list for permits, with more than 15 GW of projects already secured the right to connect to the grid. This amount is more than enough to cover the country's targets until 2030 and beyond.
Energy storage is expected to be the solution to the issue of restrictions and low prices, but the first battery projects have been delayed by nine months after the initial deadline was deemed too tight. Developers are racing against time to secure European funding through the Recovery and Resilience Fund, as part of the national “Greece 2.0” plan.
Solar panels dominate the energy mix, with another 2 GW expected to be added this year. There has been growth in every segment of the photovoltaic market, although small investors complain of policies that favor larger operators, especially in the case of energy communities and solar farms. Meanwhile, wind installations have stalled in recent years, and the offshore wind program has made no progress toward its 2030 targets.
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