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Sciences

Greece Achieves Historic Record in Renewable Energy Sources

ATHENS — Greece achieved a historic record in the international ranking in terms of the ability to attract investment in Renewable Energy Sources, according to the 57th edition of the EY index for renewable energy sources (Renewable Energy Country Attractiveness Index RECAI).

Specifically, Greece is ranked 26th this year (up from 31st place) among 40 countries included in the survey, higher than countries such as Finland, Norway and Switzerland.

Commenting on the findings of the research, Tassos Iosifidis, partner and head of the Department of Corporate Strategy and Transactions Advisers of EY Greece, stated: This reflects the commitments made by the country in terms of phasing out lignite and the promotion of RES. The challenge is now to implement the drafting and modernisation of the legislative and regulatory framework, in order to maintain this positive momentum and to make the necessary investments in wind and solar energy, energy storage, smart grids and low-emission transport infrastructure, especially in the context of utilising the resources brought by the Recovery and Sustainability Fund."

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