Approval of the competitive auction scheme for RES projects by the European Commission

According to the Press Release, dated 4-1-2018, the European Commission has found that the Greek auction scheme for the production of electricity from Renewable Sources and high efficiency cogeneration is in line with EU State Aid rules and mainly with the 2014 Guidelines on State Aid for Environmental Protection and Energy. The scheme will further EU energy and climate goals whilst preserving competition.

Furthermore, as mentioned in the Press Release “in 2018, Greece will organise separate auctions for wind and solar installations in order to determine their market potential. As of 2019, joint auctions for both wind and solar installations will be held to increase competition and reduce the cost for consumers of renewable energy in Greece. State support for other renewable energy technologies will be subject to auctions as soon as they become more mature in the Greek electricity market».

Based on Law 4414/2016, only a “pilot” auction for solar installations has been launched until today, in which our firm has been actively engaged supporting its clientele.  Following the above positive development, new auctions are expected to be launched in the near future.

You can read the Press Release here.