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Critical evaluation of financial supporting schemes for wind-based projects: Case study Greece

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  • Kaldellis, J.K.

Abstract

After a long stagnating period during the second half of the 1990s, the market of wind energy in Greece was described by remarkable but unstable growth rates that resulted in the operation of 1Â GW of wind power by the end of 2009. Still though, penetration of wind energy is not the one anticipated. On the other hand, national targets regarding the Renewable Energy Sources' (RES) contribution and existence of excellent wind potential areas across Greece challenge new wind energy investments. Acknowledging the unsteady development rates of wind power in Greece, efficiency of the State support mechanisms is currently investigated. Based on an analytical evaluation model, the investigation undertaken is extended to provide a detailed cost-benefit analysis of several wind energy case studies, including mainland and island applications as well as comparison with both conventional power stations and photovoltaic plants. For this purpose, the financial support provided by the State is directly compared with benefits accruing from the operation of wind parks, considering also the avoidance of social costs deriving from thermal power stations. Based on the results obtained, the beneficial characteristics of wind energy applications for the Greek society are clearly demonstrated, especially in the case of non-interconnected island grids.

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  • Kaldellis, J.K., 2011. "Critical evaluation of financial supporting schemes for wind-based projects: Case study Greece," Energy Policy, Elsevier, vol. 39(5), pages 2490-2500, May.
    • Handle: RePEc:eee:enepol:v:39:y:2011:i:5:p:2490-2500
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    4. Tzanes, G. & Zafirakis, D. & Makropoulos, C. & Kaldellis, J.K. & Stamou, A.I., 2023. "Energy vulnerability and the exercise of a data-driven analysis protocol: A comparative assessment on power generation aspects for the non-interconnected islands of Greece," Energy Policy, Elsevier, vol. 177(C).
    5. Fuyou Li & Hao Di, 2021. "Analysis of the Financing Structure of China’s Listed New Energy Companies under the Goal of Peak CO 2 Emissions and Carbon Neutrality," Energies, MDPI, vol. 14(18), pages 1-15, September.
    6. Katsaprakakis, Dimitris Al. & Christakis, Dimitris G., 2016. "The exploitation of electricity production projects from Renewable Energy Sources for the social and economic development of remote communities. The case of Greece: An example to avoid," Renewable and Sustainable Energy Reviews, Elsevier, vol. 54(C), pages 341-349.
    7. Zafirakis, Dimitrios & Chalvatzis, Konstantinos J. & Baiocchi, Giovanni & Daskalakis, George, 2013. "Modeling of financial incentives for investments in energy storage systems that promote the large-scale integration of wind energy," Applied Energy, Elsevier, vol. 105(C), pages 138-154.

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