Green Greece

Introduction

In the world of investing, the most fascinating current trend is the shift towards investments in companies and projects that create positive environmental and social impact. Known as impact investing, this approach is gaining traction, since such investments not only contribute to improving our world, but they also tend to yield higher returns.

Given the fact that the potential of green energy investing in Greece is quite promising, we thought we should delve into the matter. Read on.

The Planet Goes Green, We All Reap The Benefits

As already mentioned, there’s a global shift towards sustainable investments. International agreements like the Paris Agreement and the EU’s Green Deal are a testament to this on an international and inter-governmental level. Not surprisingly, the resulting impact on private investment trends has been substantial.

Green investments, particularly in renewable energy projects like solar and wind, have shown strong growth and profitability. As technology advances and demand for green technologies and sustainable practices continue to rise, these investments can often lead to substantial financial gains, especially for early investors.

Many governments offer tax incentives, credits and rebates for investments in renewable energy and other sustainable projects. These incentives can significantly enhance the overall return on investment.

Also, green investments can be less volatile when compared to traditional ones, particularly fossil fuels, due to the growing global commitment to reducing carbon emissions and promoting sustainability. This can make them a more stable and predictable investment option.

The Greek Imperative

Greece is actively promoting solar power projects for homeowners and farms, while expanding wind turbine locations through new policies. According to EY's Renewable Energy Country Attractiveness Index, these initiatives have made Greece the top investment destination for renewable energy - relative to the country’s economy ranking.

Globally, Greece ranks 16th among the top 40 countries for such investments.

Over the past decade, the country has transformed from one of Europe’s highest emitters to one of the cleanest power producers. Since the EU established its emissions trading scheme in 2005, Greece has reduced its electricity production emissions by 64%.

Renewables are increasingly replacing fossil fuels, especially lignite, and in May, renewables accounted for 54% of Greece’s energy mix, a new record.

Greece’s latest National Energy and Climate Plan aims to increase renewable energy targets to 28 GW by 2030, up from 19 GW, aiming for an 80% renewable energy penetration. The National Hydrogen Strategy is in progress, and offshore wind farm development is attracting global interest. Solar power is also a significant focus, with Greece leading Europe in installed solar capacity due to its sunny Mediterranean climate.

Renewable energy projects already in operation are already exceeding the 2030 renewable energy penetration targets.

A promise for the future

The potential worldwide push for green energy investments is looking more than promising for investors, especially those who will turn to Greece for their next investment. But, as in any investment, timing is important. The sooner one gets in the green investing game the greater the potential benefits.

Inventio’s expertise in the Greek investment market makes it an ideal partner for your every investment need.

Visit our website to reach us and learn more about how we can help you make Greece your next investment destination.