Greece Needs €30 Billion in Energy Investments by 2030, Says NBG CEO

Greece will require at least €30 billion in investments by 2030 to develop new energy production units, according to National Bank of Greece CEO Pavlos Mylonas. Speaking at an energy forum in Thessaloniki, he stressed that this figure does not include additional funding needed for the energy upgrade of homes, buildings, and critical infrastructure.
Mylonas highlighted that the challenge is not only environmental or technical, but also economic and institutional. He described the transition as ambitious yet necessary, requiring mobilization of both public and private resources, backed by a stable regulatory framework and bankable projects.
He posed the central question of “who will finance this energy transition, and on what terms,” noting that while NBG is a key financier of the energy sector, it does not demand absolute guarantees but also cannot accept unlimited risks.
Mylonas emphasized the importance of creating an investment environment where projects can be realistically assessed, priced, and responsibly supported to ensure Greece’s energy transition succeeds.