Crete island to host 120 MW hybrid renewable projects

The Greek island of Crete is set to host 120 MW of hybrid renewable power stations under a new initiative aimed at enhancing the country's energy security on its islands. The energy ministry is expected to approve the bundled projects, although details of the scheme are currently limited.

The 120 MW package will allegedly be granted tariffs that will be determined through administrative procedures, rather than tenders. According to reports, licensing is already at a highly advanced stage for four of the schemes in the portfolio, which offer a combined capacity of 84.5 MW.

Greece enacted its first national climate protection law last May, establishing interim objectives as part of a net-zero strategy by 2050 and aiming to exit lignite power generation by 2028. In addition, the country's islands, including smaller, non-interconnected ones, can benefit from a European Commission-backed support framework for renewable energy capacity that includes energy storage.