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Greece

Chevron and Helleniq Energy secure four offshore exploration permits in Greece

The Greek government has selected a consortium led by Chevron to explore hydrocarbons in four maritime zones in the Ionian Sea and south of Crete, with geophysical surveys scheduled to begin in 2026.

Faria Renewables acquiert deux parcs éoliens pour un total de 30,8 MW en Grèce

Faria Renewables a finalisé l’acquisition de deux projets éoliens d’une capacité cumulée de 30,8 MW, consolidant son portefeuille d’actifs en Grèce et poursuivant son expansion stratégique sur le marché national.

Ukraine seeks $1bn to secure gas reserves ahead of winter

Despite gas stocks covering over 80% of winter needs, Kyiv must still import more to offset the impact of Russian strikes on energy infrastructure.
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Greece and Libya resume talks on maritime delimitation

Athens and Tripoli engage in a negotiation process to define their exclusive economic zones in the Mediterranean, amid geopolitical tensions and underwater energy stakes.

Chevron and HelleniQ Energy submit joint bid for four gas blocks off Crete

US-based Chevron has submitted a bid with HelleniQ Energy to explore four offshore blocks south of Crete, marking a new strategic step in gas exploration in the Eastern Mediterranean.

European Union targets eight bottlenecks to secure its power grid

The European Commission launches a regulatory plan addressing eight major power grid blockages to reduce price disparities and strengthen energy security across the Union.
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Imperial Petroleum invests in seven vessels despite a 22.8% drop in revenue

Imperial Petroleum expanded its fleet to 19 vessels in the second quarter of 2025, while reporting a decline in revenue due to lower rates in the maritime oil market.

Greek shipowners cut Russian crude links under new compliance rules

Greek shipping companies are gradually withdrawing from transporting Russian crude as the European Union tightens compliance conditions on price caps.

ABO Energy cuts costs and accelerates wind project sales

ABO Energy maintains its annual targets despite a drop in half-year profit, relying on cost-cutting measures and early project sales to secure cash flow.
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Global renewable energy investments reach $386 billion in first half

Driven by distributed solar and offshore wind, renewable energy investments rose 10% year-on-year despite falling financing for large-scale projects.

Metacon confirms partial delivery and receives EUR 14.9 million

Metacon receives EUR 14.9 million from Motor Oil Hellas for the approved delivery of ten electrolysis units, marking the first stage of a strategic industrial project in Greece.

The United States Sanctions Greek Shipper for Iranian Oil Trafficking

Washington increases pressure on Iran’s oil sector by sanctioning a Greek shipper and its affiliates, accused of facilitating crude exports to Asia despite existing embargoes.
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The Alexandroupolis FSRU Restarts at Reduced Capacity in a Reshaping Regional Market

After a prolonged technical shutdown, the Greek floating terminal resumes operations at 25% capacity, with near-saturated reserved capacity and an expanded role in exports to Southeast Europe.

METLEN Energy & Metals enters London Stock Exchange after successful share offer

METLEN Energy & Metals makes its debut on the London Stock Exchange after a share exchange offer accepted by more than 90% of shareholders, opening a new phase of international growth.

Greece’s wind capacity surpasses 5.5 GW as growth rate doubles

Greece’s wind sector reaches a new milestone with 5.5 GW installed, driven by 37 new turbines and €180 mn in investments during the first half of 2025, according to ELETAEN.
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Solar energy becomes EU’s leading electricity source in June 2025

Solar energy reached a record share of 22.1% in the European electricity mix in June 2025, becoming for the first time the main source of electricity in the European Union, according to a report by think tank Ember.

Floating nuclear power plants evaluated to supply Mediterranean regions

The American Bureau of Shipping and two nuclear sector companies are studying the potential deployment of floating nuclear power plants to meet the energy needs of island and coastal regions in the Mediterranean, notably via electricity and desalination.

ABO Energy sells its Greek subsidiary to HELLENiQ ENERGY Holdings

ABO Energy is selling its subsidiary ABO Energy Hellas and an energy project portfolio of approximately 1.5 gigawatts to HELLENiQ ENERGY Holdings, thus refocusing its strategic resources towards other markets, notably Germany, without major financial impact anticipated for 2025.
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Greece Considers Modular Reactors to Decarbonize its Maritime Industry

Greek Prime Minister Kyriakos Mitsotakis has announced his country's interest in small modular nuclear reactors to meet national energy challenges and decarbonize the maritime sector within the next fifteen years.

Libya Denounces Greek Oil Exploration off the Coast of Crete

Libya officially contests Greece's allocation of offshore oil permits, exacerbating regional tensions over disputed maritime areas south of Crete, rich in hydrocarbons and contested by several Mediterranean states.
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Poland: VALOREM and T&T PROENERGY sign solar partnership agreement

The strategic partnership between VALOREM and T&T PROENERGY aims to develop over 300 MW of photovoltaic projects in Poland.
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ISB invests €400 million in MYTILINEOS

The European Investment Bank (EIB) commits 400 million euros to support MYTILINEOS in the accelerated development of renewable energy in Greece and the EU.

TAQA and Cyprus on the road to a New Energy Era in the Mediterranean

TAQA signs a Memorandum of Understanding with Cyprus and Greece, marking a strategic turning point in energy interconnection and the green transition in the Eastern Mediterranean.
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VALOREM and T&T PROENERGY: Strategic Alliance for Solar Energy in Poland

VALOREM, in collaboration with T&T PROENERGY, is launching an ambitious 300 MW solar photovoltaic project in Poland, marking a significant step forward in Europe's renewable energy sector.

Sunlight Group acquires 100% of Triathlon Holding

Sunlight Group takes a decisive step in its global expansion by acquiring 100% of Triathlon Holding GmbH. This consolidation will strengthen the company's leading position in industrial mobility batteries and renewable energy storage, opening up new opportunities for innovation and growth.
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Helleniq Energy close to closing green hydrogen investment

Helleniq Energy, Greece's largest oil refinery, is taking a decisive step in its transition to cleaner energy. The company is preparing to invest in green hydrogen and is also evaluating the possibility of adopting blue hydrogen to reduce its carbon footprint.
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Enel Green Power Hellas: a new acquisition for Macquarie

Enel is expected to sell about 50% of its Greek renewable energy subsidiary, Enel Green Power Hellas, to Macquarie by May, as part of its strategy to reduce debt and streamline international operations.

Precarious lull in world gas prices

Natural gas prices are experiencing a lull in global markets, but could quickly rebound. The authors of the quarterly study by the Oxford Institute for Energy Studies point out that prices remain well above the average of the past five years.

Arcadis Ost 1: 24 turbines installed by Parkwind

Parkwind has successfully installed 24 turbines for the Arcadis Ost 1 wind farm using the RNA floating installation method. This success is a testament to the innovation and dedication of the companies involved in the project, as well as the need for continuous innovation to achieve a sustainable future.
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Athens and Sofia sign new energy agreements

Athens and Sofia on Thursday entered into an energy alliance to diversify energy supply sources, after talks initiated by Greek Prime Minister Kyriakos Mitsotakis. The two countries are signing agreements today concerning, among other things, the storage of natural gas and the construction of a new oil pipeline.

MYTILINEOS and Saint-Gobain enter into an energy collaboration

MYTILINEOS and Saint-Gobain have partnered to build a solar park in Italy. This project will produce renewable energy on a large scale, while reducing CO2 emissions and supporting the transition to more sustainable energy.

Magoula, Valorem’s first wind farm in Greece

Magoula, an onshore wind farm, is Valorem's first installation in Greece with financing raised from Alpha Bank.
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In Galatini, Iberdrola inaugurates Askio III

In Galatini, Greece, Iberdrola has just commissioned the Askio III onshore wind farm after 6 months of construction.

In Greece, Korkia accelerates the energy transition

In Greece, the projects financed by Korkia will develop solar parks to support the production of renewable energy.

Release of two Greek oil tankers seized by Iran in May (Athens)

Two oil tankers flying the Greek flag, seized in May by the Iranian Revolutionary Guards, have been released.
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In Greece, FRV acquires a BESS project

In Greece, Fotowatio Renewable Ventures (FRV) announces the acquisition of a majority stake in a BESS project.

Gas: Greece to launch offshore exploration this winter

Greece will launch seismic exploration in the sea in search of natural gas, announced the state-owned hydrocarbon management group.

Greece taxes windfall profits

In Greece, the energy minister says the country will impose additional taxes on energy companies.
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Nanotech Energy Signs Framework Agreement

Nanotech Energy announces a master purchase agreement with SmileEnergy in Athens to provide energy storage systems.

The Commission Assesses the Energy Crisis

The European Commission, in reports underlines the impact of gas supply cuts in the second quarter of 2022.
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