For 2023, the obvious financial implications for HELLENiQ ENERGY were directly related to the cost of covering the emissions allowance deficit, as all three of the Group\u2019s refineries in Greece participate in the EU ETS.<\/p>\n
For the period 2021-2025 (first sub-period of the 4th trading phase) and under the new allowance allocation rules, compliance costs have increased significantly due to the significant increase in the price of allowances (about 80\u20ac\/tn at the end of 2023), but also due to the decreasing amount of emission allowances under the new free allocation rules.<\/p>\n
With regard to the opportunities created by business activities due to climate change, the Group is already significantly active in the Renewable Energy Sources (RES) sectors in environmentally sustainable activities, i.e. eligible and aligned with the EU Taxonomy. These activities are:<\/p>\n
(a) Electricity using photovoltaic technology (activity number 4.1)<\/p>\n
(b) Electricity from wind energy (activity number 4.3)<\/p>\n
(c) Installation, maintenance and repair of electric vehicle charging stations in buildings and parking spaces connected to buildings (activity number 7.4)<\/p>\n
(d) Acquisition and ownership of buildings (activity number 7.7)<\/p>\n
(e) Data-based applications for the reduction of greenhouse gas emissions (activity No 8.2)<\/p>\n
Through its subsidiary HELLENiQ RENEWABLES, the Group participates in the sector of electricity production from RES with a total production capacity in 2023 of 356 MW. In 2023, the acquisition of a group of 180 MW photovoltaics in the Kozani region and a group of 211 MW photovoltaics in Romania was announced. These projects are expected to be gradually put into commercial operation by 2025. In addition, the Group signed a binding agreement for the acquisition of a photovoltaic system portfolio in Cyprus, with a total capacity of 26 MW.<\/p>\n","protected":false},"excerpt":{"rendered":"
For 2023, the obvious financial implications for HELLENiQ ENERGY were directly related to the cost of covering the emissions allowance deficit, as all three of the Group\u2019s refineries in Greece participate in the EU ETS. For the period 2021-2025 (first sub-period of the 4th trading phase) and under the new allowance allocation rules, compliance costs […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[2],"tags":[],"acf":[],"yoast_head":"\n