Investors seeking to develop energy-related projects in the wind, solar, smart network and energy-efficiency fields will be entitled to bonus support funds of as much as 10 percent through the Just Transition Fund.

The European Commission has just approved 1.63 billion euros in support funds for Greece for the development of projects designed to ease the impact of energy and climate-change policies on local economies.

These areas include Megalopoli in the Peloponnese and northern Greece’s western Macedonia region, both lignite-dependent economies undergoing decarbonization, as well as the islands in the Aegean Sea’s north and south and Crete.

Private-sector projects in these areas, including hotels, agritourism units, wind and solar energy facilities, smart networks and energy-efficiency projects will all be entitled to extra support funds.