Greece has two major energy goals, Stathakis says

Greece has to achieve two major goals, based on its commitments to the EU: to raise the participation of Renewable Energy Sources in energy production from 29 pct currently to around 50 pct by 2030 and save energy, Environment and Energy Minister George Stathakis said on Thursday.

In an interview with ANA’s “Praktoreio 104.9 FM” radio, Stathakis said the second goal was more difficult as the country was lagging behind in a goal to save around 1.5 pct of the energy consumed currently.

He said that foreign investors had a marked presence in the windpower energy sector in the country. “Based on the number of licenses we approved, investments in the windpower energy sector will reach around 2.0 billion euros in the next two years, by mostly French and Italian companies,” Stathakis said, adding that foreign investments were also strong in energy production using natural gas as fuel. He noted that there was investment interest for the sale of lignite units and hydrocarbons in the country.

He said the next few months were crucial for the completion of the programme to exit the crisis. “We are entering the final phase because a discussion on debt relief will begin ahead of the end of the programme. These two issues will create the preconditions for a clean exit and the ability to have self-sustained economic growth, having fully restored the country’s credit worthiness in international markets,” he said.

Stathakis said general elections in the country will be held in 2019.