Energy News – 81st Issue-offshore wind farms
The Latest Developments of Offshore Wind Farms in Greece and the EU, Revision of the National Energy Development Plan, Update on Electricity Storage in Greece, Taxation of excess profits of energy producers before Courts
1. Editor’s note
2. Revision of the National Energy Development Plan
3. Update on Electricity Storage in Greece
4. Taxation of excess profits of energy producers before Courts
5. The Latest Developments of Offshore Wind Farms in Greece and the EU
Introduction
In July 2022, the Greek regime in force regarding the Offshore Wind Farms (OWFs) was established by the enactment of Law no. 4964/2022 (the “Law”) which promoted a specific legislative framework for the OWFs development. The Law is considered as a landmark for the installation, development, and operation of OWFs which is expected to significantly contribute to development of RES in compliance with the objectives set by the new Greek NECP0F1 and by the European Commission (the “EC’) in terms of exploitation of the offshore RES.
The Greek legal framework
Pursuant to this framework, the state-owned Hellenic Hydrocarbon and Energy Resources Management Company (HEREMA) is authorized to perform the research, exploring and determination of the OWF Organized Development Areas and of the OWF Installation Areas, as well as for the assignment of the research and exploitation rights of OWF Projects within the OWF Organized Development Areas. HEREMA is also responsible for the drafting of the National OWF Development Program (the “Development Program”) that sets the main guidelines for the planning, development, siting, installation, and exploitation of OWFs and includes the potential OWF Organized Development Areas. The Development Program is subject to a Strategic Environmental Assessment procedure (the “SEA” procedure) conducted by HEREMA
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