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Greece launches tender to research potential of geothermal energy

Greece’s Ministry of the Environment and Energy has decided to launch a tender to research the potential of geothermal energy in the regions of Eastern Macedonia and Thrace, two areas that show a growing interest in investing in geothermal sources for power generation.

Investments in geothermal energy have been defined as a priority of the current government, within the National Energy and Climate Plan (NECP), as it is a source that can help Greece strengthen its energy security by utilising only domestic resources. At the same time, it can help the country reduce its greenhouse gas (GHG) emissions and improve the energy savings of consumers. At the same time, local communities will be strengthened, a modern and transparent investment framework will be created as well as new jobs.

According to the International Renewable Energy Agency (IRENA), Greece has 259 MWth of total geothermal installed capacity in 25 locations, mainly used for greenhouse heating and some individual space heating.

Participants can submit their applications until 4 October 2023 to the Ministry of Energy.

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