In one of the most attractive countries in the world for investment in RES Greece developed. Research published by the international house Ernst & Young displays it Hellas in 16th place in the general index of attractiveness of investments in renewable energy, among the leading economies of the world and in second place in the world in relation to its GDP. 16th place is the highest position our country has held in the entire thirty-year history of the index, moving up five places from the April edition – the biggest improvement among countries in the index – and eight places from the October 2021 edition.

Because the index inherently rewards the world’s strongest economies, as they also have the largest renewable energy markets due to their size, a second index is also included in the report, which adjusts each country’s performance based on gross domestic product (GDP) to examine countries’ performance based on on the size of their economy. In this adjusted index, Greece ranks second behind Morocco and above Denmark, Jordan, Chile and Ireland.

The study focuses on Greece’s new RES legal framework, noting that it favors new investment and speeds up licensing procedures for new projects. In fact, he points out, in a recent tender in September, Greece auctioned a total capacity of 538 MW.

In addition, it refers to the adoption of the first law in the country that establishes a framework for the development of offshore wind farms and aims to increase wind power by at least 2 GW by 2030. Finally, the study notes that Greece has a strong interest in renewable energy. energy from foreign large investors.

“The Ernst & Young Index is another confirmation of the great efforts our country is making to produce clean energy and protect our energy security. Thanks to important legislative reforms, strong political will and a stable economic environment, Greece is becoming a global investment pole in the renewable energy sector,” said Environment and Energy Minister Kostas Skrekas, commenting on the results of the study.