A minimal number of investors have confirmed their older interest for roof-mounted photovoltaic systems on the non-interconected islands, according to energypress sources.

Last summer, HEDNO, the Hellenic Electricity Distribution Network Operator, called on investors to confirm older unutilized bids that had been submitted as a means of clearing the sizeable backlog of renewable energy source (RES) applications, many of which will not be actualized.

As expected, very few investors responded to the confirmation request made by the operator. Low tariffs nowdays offered for the installation of new PV systems have made the prospect unfeasible for investors.

Older applications which have not been confirmed will be cancelled, freeing capacity for islands where a net metering offer may be utilized.

The net metering plan will enable electricity consumers who generate their own power from an eligible on-site facility and deliver it to local distribution facilities to offset the electric energy provided by the utility during an applicable billing period.

The bulk of applications to be cancelled were made by investors for PV systems on Crete.

A substantial amount of applications had been submitted in the past, when tariffs were higher, by parties interested in installing PV systems, resulting in a lengthy waiting period for investors now truly interested. Authorities are still processing applications submitted back in 2012 and 2013.

This backlog, which includes many scrapped investment plans and has saturated capacity limits, has deprived investors on large islands propelled by heightened economic activity from utilizing the net metering offer. Crete and Skyros are among the locations most heavily affected.