Georgiadis Signs Seven New Installation Permits for RES Projects

ATHENS – Development and Investments Minister Adonis Georgiadis on Monday signed seven new installation permits for Renewable Energy Sources (RES) projects classed as strategic investments, with a combined worth of 56 million euros and a total capacity of 81 MW. According to an announcement, the decision aims at the speeding up of investment processes amid the coronavirus crisis.

   The specific licenses were issued within 16 days of the submission of the files by the investors, thanks to a centralised and rapid process now followed in the case of Strategic Investments, in the context of the government's central policy choice of making Greece one of the most friendly countries for investments and business.

   The minister has signed so far installation permits for 17 RES parks, which are included in the Strategic Investments programme, with a total investment value of 80 million euros and a total capacity of 117 MW.


NICOSIA — The European Union has earmarked 657 million euros ($736 million) for the construction of a a 2,000-megawatt undersea electricity cable that will link the power grids of Israel, Cyprus and Greece, Cypriot Energy Minister Natasa Pilides said Thursday.

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