Greece is attracting capital for a regional electricity and LNG hub, with its energy strategy increasingly focused on regional links. The approach combines LNG infrastructure, cross-border pipelines, electricity interconnections and a rapidly expanding renewable portfolio. Venture Global and Atlantic-SEE LNG, the joint venture between AKTOR Group and DEPA Commercial, have doubled their long-term US LNG agreement from 0.5 million to 1 million tonnes annually. Deliveries are scheduled for 20 years starting in 2030.
Under the same arrangements, Venture Global also holds approximately 25% of the regasification capacity at the Alexandroupolis terminal. The commercial plan is tied to the Vertical Gas Corridor, designed to carry gas through Bulgaria and Romania towards Central and Eastern Europe. Serbia and North Macedonia are identified as possible additional branches for that corridor.
LNG expansion plans linked to corridor routing
AKTOR is considering a second Greek floating LNG terminal, with an expected investment requirement of at least €400 million. The company’s business plan allocates around €190 million to the proposed venture. The structure described in the plan points to the need for a strategic co-investor and long-term capacity commitments.
Cross-border electricity projects drive transmission investment case
Electricity infrastructure is being developed using a similar regional model, according to the projects cited. IPTO is pursuing a capital increase connected to interconnection initiatives that include the Dodecanese and North Aegean island links. The transmission programme also includes the proposed second Greece–Italy link, GRITA 2. In this framework, IPTO’s investment case relies on regulated returns from complex cross-border assets rather than the domestic grid alone.
Solar and wind build-out accelerates across Greece
Generation capacity additions are scaling quickly, with multiple projects under way or commissioned. The RWE–PPC joint venture Meton Energy has commissioned nine solar projects totalling 930 MWp at the former Amyntaio lignite mine. Another 567 MWp is under construction in Central Macedonia, targeted for completion in 2027.
PPC Renewables is also expanding its portfolio through both development control and acquisitions. The company is taking full control of a 1,175 MW solar portfolio and acquiring 107.1 MW of operating wind farms from Motor Oil’s renewable arm. Alongside these changes, government support rules are being adjusted so renewable generators do not automatically lose operating support when wholesale prices reach zero.
Support rule change and market exposure for renewables
The policy adjustment is described as reducing near-term merchant exposure for renewable generators. It does not remove the issue of falling capture prices referenced in the update. Storage, interconnection capacity and flexible demand are identified as factors that will influence whether Greece’s expanding renewable portfolio supports tradable regional value or leads to recurring periods of subsidised surplus production.
