IENE’s Annual Report on Greece’s Energy Sector 2023 successfully presented in special event

Thursday, 21 September 2023

IENE’s Annual Report on Greece’s Energy Sector 2023 successfully presented in special event

IENE’s annual report on "The Greek Energy Sector 2023" was successfully presented on Wednesday, (20/9), at the National Research Foundation in Athens. The keynote speaker at this special event was the Deputy Minister of Environment and Energy at Greece, Ms. Alexandra Sdoukou, who spoke about the government's priorities, with an emphasis on the green transition.

IENE’s annual report on "The Greek Energy Sector 2023" was successfully presented on Wednesday, (20/9), at the National Research Foundation in Athens. The keynote speaker at this special event was the Deputy Minister of Environment and Energy at Greece, Ms. Alexandra Sdoukou, who spoke about the government's priorities, with an emphasis on the green transition. The event attracted a large number of energy professionals from the entire spectrum of the domestic energy sector, proving, once again, the impact and recognition of the work of IENE.

The detailed presentation of the report by the Chairman and Executive Director of IENE, Mr. Costis Stambolis followed (click here). Then, the stage was given to some of the contributors of the report, who presented interesting findings as well as its main conclusions. In particular, various aspects of the Greek Energy Sector were thoroughly analyzed by Mr. Konstantinos Theophylaktos, Secretary-General and Chairman of the Scientific Committee for Energy Efficiency of IENE, Mr. Yannis Grigoriou, Vice-President of the Continental Europe Energy Council and Partner of IENE, and Ms. Eugenia Giannini, Lawyer, E. Giannini and Associates, and IENE Partner.

A second session followed, during which distinguished executives from all sectors of the Greek energy market commented on the developments concerning the Greek energy market, which was expertly moderated by the Deputy Chairman of IENE, Mr. Christos Dimas. The current status of the Greek energy landscape was examined, with insights provided by key figures including Mr. Andreas Petropouleas, Director of Energy Management at ELPEDISON and Chairman of the Electricity Committee of IENE; Mr. Theodoros Terzopoulos, Coordinator Director of Strategy & Distinguished Corporate Issues at DEPA Infrastructure; and Chairman of IENE’s Natural Gas Committee Dr. Stelios Loumakis, President of the Hellenic Association of Photovoltaic Energy Producers (SPEF); and Mr. Nikolas Sofianos, Board Member & Chairman of the RES Committee of IENE.

This latest (third) edition of IENE's Annual Report of the Greek Energy Sector is a milestone for the Institute, considering the fluid and changing conditions that have prevailed lately in the international and, especially, in the European energy market. This is particularly true following Russia's invasion of Ukraine in February, 2022. The subsequent rise in energy prices and the disruptions to supply chains, triggered by the invasion, make the mapping and analysis of the energy sector more timely and necessary than ever.

This year's 240-page Report covers all sub-sectors, including Oil and Gas, Electricity, Solid Fuels, Renewable Energy Sources, as well as Energy Efficiency and Cogeneration. It also addresses the current energy policy, emphasizing sustainability and energy supply security, in alignment with European goals. Furthermore, it delves into the significant challenges associated with formulating a comprehensive energy strategy for the country. Additionally, this updated edition of IENE’s report examines Greece's energy position in relation to developments and prospects in Southeastern Europe, presents developments in the legislative and regulatory framework, highlights energy technologies for the next decade, and provides well researched estimates for the investment potential in the energy sector for the period 2022-2031.

As emphasized by all speakers at the event, the IENE Annual Report titled "The Greek Energy Sector 2023" aims at enhancing our understanding of the structure and functioning of the energy sector in Greece. “Undoubtedly, this sector serves as the "backbone" of the economy and a fundamental pillar for development”, they noted.

It is also noteworthy that the Report was prepared by the research staff of IENE and relied on data and analyses sourced from both the IENE’s extensive database and official sources from Greece and the international arena. The funding for the IENE Report, titled "The Greek Energy Sector 2023," came exclusively from the Institute's annual budget.

Finally, the significant research efforts undertaken by the Institute in recent years, along with the ongoing and systematic monitoring of the Greek, regional, and international energy markets, provided the essential foundation upon which the project was built.

The event's sponsors included Helleniq Energy, the Renewable Energy Sources Operator & Guarantees of Origin (DAPEEP SA), and TERNA Energy.

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