Greece introduces new geothermal exploration licensing terms

Greece introduces new geothermal exploration licensing terms Akropolis, Athens/ Greece (source: flickr/ dorena-wm, creative commons)
Alexander Richter 7 Mar 2022

Greece has set up new terms for geothermal exploration that aim to push for development and utilization of the rich potential in the country.

The Ministry of Environment and Energy is promoting a new transparent framework for the utilization of the geothermal potential of Greece , with strict rules for the protection of the environment, so local news last week.  The decision signed by the Minister of Environment and Energy, Costas Skrekas, on the terms of the rights of exploration, management and exploitation of geothermal potential, marks a new beginning for the development of this energy source.

The development of geothermal energy is a key priority of the government, as emphasized, in the context of the objectives of the National Plan for Energy and Climate, as it strengthens the country’s energy security by utilizing a domestic energy source, while achieving a reduction in gas emissions. greenhouse and energy savings for consumers.

The Ministerial Decision concerns the fields with temperatures above 90 degrees C (medium and high enthalpy), where the geothermal potential is utilized mainly for the production of electricity of fixed base.

The utilization of the geothermal fields will be done with the basic criterion of the protection of the environment, the social consensus and the priority of the local communities in the jobs that will be created by the new projects.

The Secretary General of Energy and Mineral Raw Materials of the Ministry of Environment and Energy, Alexandra Sdoukou, said: “Today we are laying the foundations for the development of the rich geothermal potential of the country, which to date has not been used effectively. Geothermal energy, while included in RES – having in fact a very small environmental footprint -, is a base energy, something that distinguishes it from wind and solar energy that are characterized by thoughtfulness. With today’s decision we define the process of leasing the rights of exploration, exploitation and management of geothermal fields of national interest which is the first step for the utilization of these fields for electricity production. The next step will be to clarify the process for areas of local interest and to explore good international practices establishing specific incentives for the development of geothermal energy.