
The Ministry of Environment and Energy and the Regulatory Authority for Energy are engaged in a race in order to prepare the relevant decisions for the announcement of the first tender for photovoltaic and wind farms projects with the feed in premium aid regime.
After the “green” light that was given yesterday by the Commission for the granting of 2.27 billion euros in state aid for the production of electricity from RES and High Efficiency Electricity-Heat Cogeneration, the relevant ministerial decisions and other administrative acts are being prepared that will put new “green” energy projects on track for implementation.
According to information from OT.gr, the Energy Ministry and RAE are oriented to announcing tenders for 2022 to support RES projects with a total capacity of 1 GW. These will concern terrestrial photovoltaics and wind power generators. The first competition, according to the same sources, is expected to be held in March and will involve joint projects of both aforementioned technologies. With a quota for one of the two and probably the lowest will be in wind power. About 30% of the total power say the same sources.
Fast processes
They want information on the acceleration of the tenders and decisions that will limit the bureaucracy between the stages of the announcement and the conduct of the auctions.
It is almost certain, say sources, that the participants in the competition will be invited to participate in it while submitting the necessary supporting documents. In this way the Ministry and RAE want to run the auctions quickly in order to achieve low prices but also to mobilize investors.
The administrators
However, according to competent officials, one of the bets for the timely announcement of the first auction is for the Network and Transmission Operators and especially HEDNO to run the terms of connection of mature projects. So that investors who really want to go down in the first tender do not miss the opportunity.
Financing of foreign RES projects
The new regime for the support of RES projects also envisages the reinforcement through RAE tenders and wind or photovoltaic sources from neighboring countries.
A prerequisite is to have an electrical connection with Greece. Regarding the scope of participation, the Ministry will set a specific quota.
Direct funding
According to the decision of the European Commission, Greece will provide direct financing for the other RES technologies, ie land-based wind and photovoltaic.
These are the guaranteed prices for electricity projects produced from biogas, biomass, gases emitted from landfills, as well as from hydroelectric, geothermal and power plants with centralized mirrors. High Efficiency Electricity-Heat Cogeneration projects will also receive aid.


Latest News

Trump Tariffs Jeopardize Growth: Piraeus Chamber of Commerce
The tariffs, aimed at reducing the U.S. trade deficit, are expected to have both direct and indirect effects on the European economy

EU Condemns Trump Tariffs, Prepares to Retaliate
As tensions escalate, the EU is expected to continue negotiations with Washington while preparing for potential economic retaliation.

The Likely Impact of Trump Tariffs on Europe and Greece
Trump tariffs are expected to negatively affect economic growth in the Eurozone while Greece's exports could take a hit.

Motor Oil Results for 2024: Adjusted EBITDA of 995 mln€; Proposed Dividend of 1.4€ Per Share
Adjusted EBITDA for 2024 was down 33% yoy. The adjusted profit after tax for 2024 stood at 504 million euros, a 43% decrease from the previous year

Cost of Living: Why Greece’s 3% Inflation Is Raising Alarm
Greece appears to be in a more difficult position when it comes to price hikes, just as we enter the era of Trump’s tariffs.

Fitch Ratings Upgrades the Four Greek Systemic Banks
NBG’s upgrade reflects the bank’s ongoing improvements in its credit profile, Fitch notes in its report, including strong profitability, a reduction in non-performing exposures (NPEs), and lower credit losses

Trump to Announce Sweeping New Tariffs Wednesday, Global Retaliation Expected
With Trump's announcement just hours away, markets, businesses, and foreign governments are bracing for the fallout of one of the most aggressive shifts in U.S. trade policy in decades.

Inflation in Greece at 3.1% in March, Eurostat Reports
Average inflation in the eurozone settled at 2.2%, compared to 2.3% in February

Greece’s Unemployment Rate Drops to 8.6% in February
Despite the overall decline, unemployment remains higher among women and young people.

Jerry Kalogiratos Highlights Key Role of Energy Transition and Data Demand in LNG Outlook
Energy transition and the prospects of LNG were discussed at Capital Link’s 19th Annual International Maritime Forum, during a panel discussion with Jerry Kalogiratos (Capital Clean Energy Carriers Corp.)