The Electric Interconnection of Crete and Attica to Become Operational in May 2025.
The Electric Interconnection of Crete and Attica to Become Operational in May 2025
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Reduction in Network Loss Costs by €300 Million
In May, the interconnection cable between Crete and Attica will enter testing operations, as announced by the Minister of Energy, Theodoros Skylakakis, during a speech in Parliament. He highlighted how the government’s comprehensive strategy for renewable energy sources (RES) will ensure continued investments and lower energy prices. The interconnection is expected to provide significant relief to consumers. By significantly reducing Network Loss Costs (ΥΚΩ) by at least €300 million over the coming years, this system will end the high-cost generation from thermal units that have powered Crete.
Similar investments are also underway for the Cyclades and Dodecanese islands, which will further alleviate costs that consumers ultimately bear. Moreover, he mentioned that there has been progress in international connections, confirming the decision to double the capacity of the existing interconnection with Bulgaria and more than double the cable capacity with Italy. Currently, the Italian interconnection operates at 500 MW, but the planned enhancements will push this beyond 1 GW.
Renewable Energy Sources Will Bring Lower Prices
Touching on the advancement of renewable energy sources, he noted that by 2025, projections from the National Energy and Climate Plan (ΕΣΕΚ) suggest that RES will significantly influence energy prices. Increasing the share of photovoltaics and wind energy in the overall energy mix is vital for creating a competitive environment that leads to reduced costs for electricity consumers.
The integration of RES into the energy market is pivotal. As these resources become more prevalent, the lower generation costs associated with them will ultimately benefit all consumers. The strong push for renewable energy is part of Greece’s broader strategy to transition away from more expensive and less sustainable sources.
Third Battery Tender Again
The Minister highlighted the upcoming third bidding round for batteries, which aims to further enhance energy storage capabilities in Greece. This initiative is anticipated to foster competition and drive down prices in the energy storage market. With the increasing dependence on renewable energy, robust storage solutions are essential in creating a stable and responsive energy grid.
The emphasis on battery storage is a strategic move to ensure that the energy generated during peak production times can be effectively stored and used during periods of high demand. This will ultimately support the country’s goals for energy independence and sustainability.
Floating Wind Farms
The development of floating wind farms represents an exciting avenue for the expansion of renewable energy sources in Greece. These projects are particularly significant given the country’s extensive maritime resources. Floating wind technology allows for the placement of turbines in deeper waters, where winds are often stronger and more consistent.
Investments in floating wind farm technology are expected to significantly contribute to the nation’s energy portfolio. By utilising this innovative technology, Greece aims to harness the full potential of its wind resources, thereby enhancing energy security and moving towards a greener energy future. Integrating these advancements will further stabilise the nation’s electricity supply and lower costs for consumers.
Frequently Asked Questions
What is the current status of the electrical connection project between Crete and Attica?
The electrical interconnection project linking Crete to Attica is progressing to trial operations. The system aims to enhance the energy supply between these two regions, allowing for improved power distribution.
When is the electrical connection from Crete to Attica expected to be activated?
This interconnection is expected to begin trial operations in May. The timeline reflects the efforts to integrate renewable energy sources more efficiently.
What benefits are anticipated from the Crete-Attica electrical interconnection for the area?
The interconnection is set to provide several advantages, including:
- Enhanced energy security for both regions
- Improved access to renewable energy resources
- Potential reductions in electricity costs for consumers
How does the Crete-Attica link support Greece’s renewable energy objectives?
The connection will facilitate the integration of renewable energy systems, such as wind and solar power, into the national grid. This aligns with Greece’s goals to increase the use of clean energy sources significantly.
What is the capacity of the electrical link between Crete and Attica?
The planned capacity for the interconnection is significant, aiming to support up to 1,000 MW. This capacity is intended to meet the growing energy demands and support renewable energy input.
What technological innovations are incorporated into the Crete-Attica electrical link?
The project utilises state-of-the-art technologies, including:
- Advanced cable systems for efficient power transmission
- Smart grid technologies to optimise performance
- Control systems that monitor and manage energy flow dynamically
