New Greek state aid scheme for electricity RES production approved

(Article by Mira Todorovic Symeonides, Partner and Konstantinos Ntallas, Associate, published in the Energy & Natural Resources Newsletter of the ILO on Feb 14, 2022)

On 24 November 2021, under EU state aid rules, the European Commission (the Commission) gave the green light to a €2.27 billion Greek scheme for the production of electricity from renewable energy sources (RES). This scheme is expected to provide support to a wide range of technologies generating electricity from RES. It will also help attain the objectives of the Green Deal (the European objective of achieving climate neutrality by 2050). It aims to support around 4.2 gigawatts of installed capacity. The scheme is open until 2025 and aid can be paid out for a maximum of 20 years.

Download: New Greek state aid scheme for electricity RES production approved.pdf

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