Draft bill RES limitations raise investor concerns

A government measure to restrict the operations of RES projects until the regulatory authority RAE has approved a grid capacity increase has prompted concern among RES investors, fearing that these limitations, if not implemented correctly, could undermine the sustainability of projects.

Participants of related consultation staged by the energy ministry have all stressed that these changes, incorporated into a draft bill for RES licensing simplification, should not affect the financial terms of RES projects whose licensing procedures are at an advanced stage.

ELETAEN, the Greek Wind Energy Association, highlighted that the revisions, for reasons of investment security, need to have been be set at the time RES producers have accepted finalized connection terms, otherwise business plans and their financing could be undermined.