Parliament recently passed a law modernising environmental legislation and harmonising Greek law with EU Directives 2018/844 and 2019/692. The law contains new legislative measures which will significantly amend, standardise and simplify the current licensing procedure for renewable energy power plants – particularly the procedure for obtaining a renewable energy source production licence and an environmental approval.
Greece recently adopted its first National Plan for Energy and Climate, which regulates all energy sectors. The plan defines Greece's energy and climate targets up until 2030, as well as priority policies and implementation measures which should help to both develop and reform the energy sector by 2050. The plan will also facilitate the shaping of the country's energy and climate strategy for the years 2030 to 2050.
Under the new law on the liberalisation of the energy market, the Public Natural Gas Company (DEPA) will be spun off into three distinct undertakings: DEPA Infrastructure, DEPA Commercial and DEPA International Projects. The privatisation tender is organised by the Hellenic Republic Asset Development Fund. Parties intending to participate in the tender are requested to meet various legal, financial and technical requirements.
Law 4643/2019 on the liberalisation of the Greek energy market, the modernisation of the Public Power Corporation, the privatisation of the Public Natural Gas Company and the support of the renewable energy sector was recently published in the Official Journal. The new legal provisions aim, among other things, to facilitate and expedite the licensing procedure for numerous power production applications already pending before the Regulatory Energy Agency.
Under the new law on the liberalisation of the energy market, the Public Natural Gas Company (DEPA) will be spun off into three distinct undertakings, two of which will be completely privatised. This transformation will significantly alter DEPA's unbundling and privatisation scheme, which was adopted in March 2019 (ie, before the elections and respective reconfigurations in Parliament and government).