Any changes to the existing order for RES project connection-term application appraisals would seriously set back the domestic RES market, sources linked to foreign institutional investors have noted, adding that even mere rumors on possible changes could unsettle and discourage investors.

Power grid operator IPTO’s next round of connection-term appraisals is planned to assess applications for Group B projects, grouping together prospective RES units intended for green-energy power purchase agreements between RES producers and industrial consumers.

Any revisions affecting the current appraisal procedure for Group B projects would impact RES investments in Greece, the sources noted.

Investors behind Group B projects have already reached preliminary PPA agreements with off-takers so that they can secure entry into this category. Priority changes concerning appraisals would impact these tentative PPAs and even put their eventual implementation in doubt.

Off-takers would also be greatly affected by any priority revisions to RES connection-term appraisals as they consider PPAs to be a key tool for subduing energy costs.

Greek industry would miss out on a great opportunity to keep production costs at competitive levels if processing priority changes were to be made, the sources noted.