The Ministry of Environment and Energy recently issued a decision on the formation of a working group which will prepare a proposal for the ministry on adopting the legal framework for the development and participation of electricity storage units in the electricity markets and the capacity mechanism. The decision appointed the working group members and provided that they may invite others to participate or provide an opinion.
Law 4759/2020 on the Modernisation of Spatial and Urban Planning Legislation and Other Provisions was recently enacted. For renewable energy source (RES) projects in particular, the implications of this new law are twofold as it includes provisions that modify the legal framework for the development and financing of RES projects and provisions which affect where such projects will be sited. This article examines the main regulatory changes introduced regarding the siting of such projects.
In December 2020 the new Licensing Code, which regulates renewable energy source (RES) production certificates, was published in the Official Journal. The code aims to implement the new RES licensing procedure and was published on the day on which the first submission round for the issuance of these certificates started. This last-minute regulation caused uncertainty for interested applicants regarding the application procedure and the required documents.
The Ministry of Environment and Energy recently announced the adoption of fiscal and structural measures aiming to secure the adequacy of funds on the special account for financing the renewable energy source (RES) projects operating in Greece and ensure the gradual adaptation of the RES industry to the recently launched operation of the electricity target model.
A new law has amended the conditions for the approval of, and narrowed down the renewable energy source (RES) projects which may be accepted as, investments of strategic interest. Henceforth, only investments of at least €50 million in projects which use technological innovations to produce electricity from an RES and have a common connection point to the grid and investments of at least €100 million in projects with a common connection point to the grid may be approved as strategic investments.