Greece is among the top three renewable energy (RES) markets, according to EY’s six-monthly index, which examines countries’ performance adjusted according to GDP size.
EY’s Renewable Energy Country Attractiveness Index (RECAI) assesses the world’s top 40 economies and ranks them in terms of the attractiveness of renewable energy investment opportunities. Greece is in third place on the list.
In the first 20 countries in the general ranking
In the previous edition of RECAI, Greece had taken first place in the GDP-adjusted index – a position in which Denmark is today, with Morocco following in second place and our country “closing” the top three of the adjusted indicator. At the same time, Greece remains among the first 20 countries in the general ranking (which does not take into account the size of the GDP), namely in 18th place.
The report accompanying the RECAI index notes that Greece has shown significant progress towards the targets set for 2030 and 2050. The country’s installed RES capacity recently exceeded 11 GW, while green hydrogen electrolyte projects are planned 1 .7 GW.
According to the protothema, commenting on the findings of the report, Tasos Iosifidis, Partner, Head of the Corporate Strategy and Transactions Department of EY Greece, and Head of the Energy & Utilities Sector, said:
“Greece’s stable presence among the most attractive markets for RES investments confirms the country’s potential to achieve the ambitious goals for the green transition of our economy. Greece is among the leading countries in the world in the participation of RES in electricity production.
The exploitation of the country’s offshore wind potential, the upgrading of the network and the investments in energy storage, can give new impetus to the penetration of RES in the energy mix, with multiplier benefits for the economy, the trade balance and the protection of the environment”.
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