Norwegian interest in RES investments in Greece

Friday, 2 July 2021

Athens, 02 July 2021| The interest of Norwegian companies for business partnerships in Greece, in the rapidly growing sector of Renewable Energy Sources, was confirmed during a webinar, on Thursday, July 1, organized by Enterprise Greece and RYSTAD Energy, with the support of the Norwegian Embassy in Athens and the Greek Embassy in Oslo.

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Norwegian interest in RES investments in Greece

Athens, 02 July 2021| The interest of Norwegian companies for business partnerships in Greece, in the rapidly growing sector of Renewable Energy Sources, was confirmed during a webinar, on Thursday, July 1, organized by Enterprise Greece and RYSTAD Energy, with the support of the Norwegian Embassy in Athens and the Greek Embassy in Oslo.


Representatives from 54 companies and organizations participated in the event and were informed about the progress of investments in the RES sector in Greece. Special reference was made on the prospects of further development and the growing interest for new investments, expressed by foreign investors.

The event was greeted with a short speech by the Secretary General of International Economic Affairs & Openness of the Ministry of Foreign Affairs and Chairman of Enterprise Greece, Mr. Ioannis Smyrlis. During the webinar, presentations were made by the CEO of Enterprise Greece, Mr. George Filiopoulos and Mr. Vegard Vollset, VP Renewables Solutions of Rystad Energy. Also, two representatives from companies that already operate in Greece, shared their experiences. Mr. Peter Brun, DNV Segment Leader Offshore Wind, and Dr. Børge Bjørneklett, Ocean Sun Founder and CEO.

In his greeting speech (welcome remarks), the Chairman of Enterprise Greece, Mr. Ioannis Smyrlis stated: "In the last decade, Greece has proceeded to a radical restructuring of the electricity industry, liberalizing the market and attracting new private investment. Under the new National Energy and Climate Plan, Greece is implementing a comprehensive Green Deal - one of the most ambitious worldwide. Among other things, the Plan aims to gradually abolish all lignite-fired power plants by 2028, as well as double the contribution of renewable energy sources to the country's energy mix by 2030”.

Mr. George Filiopoulos, CEO of Enterprise Greece stressed that: "Greece remains a very promising and safe investment destination in Southeast Europe, even during the current business uncertainty imposed by the pandemic. Enterprise Greece continues to record strong investment interest in various sectors of the economy, including the energy sector, where new investments worth over 44 billion euros are underway and expected to be deployed in the next decade, in the context of the implementation of the National Energy and Climate Plan (2020-2030), the Just Transition Plan, and the European Projects of Common Interest (PCI's) ".

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