Directive 2001/77/EC on electricity from renewable energy sources
(RES) sets an indicative target for Greece, to cover 20.1% of
its total electricity demand from renewables (including large
hydro), by the year 2010. This target corresponds to about 2800-3000
MW of RES installations (over and above those of large hydro plants),
that should be constructed and operated by 2010, i.e. a 6 to 7-fold
increase over the country's currently installed RES capacity of
about 450 MW.
above national target of 3000 MW of RES installations operating
by 2010 is certainly ambitious but realistic, taking into account
the high RES potential of the country, especially its wind energy
potential, and the high level of already expressed interest of
Greek and international companies, to invest in renewables in
Greece. Characteristic of this interest is the fact that in the
last 3 years alone, a total of 13,000 MW of applications for RES
projects have been made to the Greek Regulatory Authority for
Energy, to obtain the required electricity generation license.
After exhaustive technical / economic evaluation of these applications,
the Regulatory Authority has already awarded electricity generation
licenses to RES projects totaling about 4200 MW, 3700 MW (i.e.
87%) of which are wind parks. It is obvious from these last figures,
that the entire RES development in Greece will be based on wind
energy, which is by far the richest RES resource of the country.
RES (wind) development will also be the country's primary means
of meeting its obligations under the Kyoto Protocol, on greenhouse
gas emissions. Greece is obligated to curb the increase of its
total greenhouse-gas emission levels to +25%, by 2008-2012, compared
to the corresponding levels of 1990. According to Greece's National
Plan to Limit Greenhouse Gas Emissions, which was approved by
the Council of Ministers in February 2002 (Act of the Council
of Ministers 5/27.02.2003), RES development (mostly wind) will
contribute 32% of the total national effort required to meet the
Kyoto Protocol's obligation. This 32% contribution of RES amounts
to a decrease of approximately 4.4 million tonnes of CO2
equivalent per year, in the national greenhouse gas emissions,
and requires the installation of about 2500 MW of RES, i.e. a
figure very close to Greece's RES electricity target for 2010,
under Directive 2001/77/EC.