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Photographer: Angel Garcia/Bloomberg
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Greece Eyes Green Energy Shift With $21 Billion in Projects

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  • Investors planning solar, hydrogen, offshore wind investments
  • Over a third of Greek EU crisis funds will go to green economy

Greece’s plan for using European Union funds to combat the effects of the coronavirus pandemic will accelerate the nation’s transition from fossil fuels to a greener economy, a government adviser said.

Both domestic and foreign companies are expected to step up after almost 18 billion euros ($21 billion) of public and private funds were earmarked for everything from solar panels to energy storage, said Vassilis Antoniades, head of the financial services practice for Central Europe and Middle East at Boston Consulting Group Inc.