Subscribe to our free daily newsletters
  Energy News  




Subscribe to our free daily newsletters



ENERGY NEWS
Greece to draw green projects worth 45 bln euros by 2015: PM

by Staff Writers
Athens (AFP) Oct 23, 2010
Greece will attract renewable energy investments worth 45 billion euros over the next five years amid efforts to turn around its ailing economy, the prime minister said on Saturday.

"Our country has enormous renewable energe sources that remain untapped," George Papandreou told a green investment forum on the heels of a conference on Mediterranean climate change in the Athens suburb of Vouliagmeni.

"We are opening up the energy market where public and private sector partnerships will play a crucial role," he said.

Investments on renewable energy projects in Greece are already expected to reach 1.2 billion euros (1.68 billion dollars) next year compared to just 400 million in 2009, he said.

On coming to power in October, Papandreou wanted to completely overhaul the Greek development model that has relied for decades on construction and services, with a shift to sustainable growth.

But the plan was sidetracked by a national debt crisis that pushed the country to the brink of default earlier this year before the European Union and the International Monetary Fund rode to the rescue with a massive bailout loan.

A wave of austerity measures monitored by Greece's creditors has pushed the country deeper into recession and the government is now desperately trying to revive demand. It has sought Israeli expertise on sustainable growth projects and has made overtures to potential investors in the Arab world.

"We will not become competitive through classic wage cut methods but through investment in a different development model that adds value to our products and services," Papandreou said on Saturday.

The first major investment in the field was a 3.5-billion-euro Qatari project for a liquefied natural gas and power plant at the western port of Astakos.

But the plan foundered this week owing to disputes within the private consortium working on the project.

The Mediterranean climate change conference was called at Papandreou's invitation ahead of a Cancun meeting on the issue next month.

Participants including Israel and the Palestinian Authority agreed to work together to combat the effects of global warming that threaten the region.



Share This Article With Planet Earth
del.icio.usdel.icio.us DiggDigg RedditReddit
YahooMyWebYahooMyWeb GoogleGoogle FacebookFacebook



Related Links




Memory Foam Mattress Review
Newsletters :: SpaceDaily :: SpaceWar :: TerraDaily :: Energy Daily
XML Feeds :: Space News :: Earth News :: War News :: Solar Energy News


ENERGY NEWS
Strike-hit France importing massive amounts of electricity
Paris (AFP) Oct 20, 2010
Strike-hit France was on Wednesday forced to import electricity equivalent to the output of six nuclear reactors because of anti-pension reform industrial action and maintenance at its power stations. During one hour in the middle of the day, France imported 5,990 megawatts of electricity or six reactors' worth, said the website of the RTE electricity network, a subsidiary of national electr ... read more







ENERGY NEWS
Greece to draw green projects worth 45 bln euros by 2015: PM

Britain defends green spending amid cuts

Strike-hit France importing massive amounts of electricity

Chavez in Iran for talks on energy, trade

ENERGY NEWS
Sanctions tighten squeeze on Iran's oil

Venezuela submits to no one, says Chavez in Libya

Japan protests over Chinese boats near disputed islands

Australia approves 30 billion dollar coal gas projects

ENERGY NEWS
Wind power to grow massively until 2030

China's wind power capacity to increase five-fold by 2020

Google in major bid for Eastern US wind power

Findings About Wind Farms Could Expand Their Use

ENERGY NEWS
California Proposition 23 debate heats up

Desert tortoises could delay solar project

US Solar Installations Expected To Double In 2010

BioSolar Introduces Bright-White BioBacksheet For Improved Efficiency

ENERGY NEWS
Indian PM in Japan for nuclear, trade talks

Chavez accuses Obama of sowing 'doubt' on nuclear deal

Lithuania rejects Lukashenko bid for joint nuclear plant

Obama backs Venezuela's right to nuclear energy

ENERGY NEWS
Carolina pioneering human waste-to-energy

Port Gibson Biomass Plans Taking Shape

Algenol Biofuels Opens Labs In Florida

Supporting The Advancement Of DoD's Net Zero Energy Initiative

ENERGY NEWS
The International Future In Space

International Crews for Shenzhou

China Eyes Extended Mission Beyond Moon

China's second lunar probe enters moon's orbit: state media

ENERGY NEWS
South-East Australia Climate Changing

Much of planet could see extreme drought in 30 years: study

South Asia is world's most climate-vulnerable region: study

Changing Our Understanding Of Atmospheric Aerosol Properties And Climate Effects


The content herein, unless otherwise known to be public domain, are Copyright 1995-2010 - SpaceDaily. AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement