Greek-German chamber calls for revised RES plan to boost investment

The Greek-German Chamber of Industry and Commerce has called for Greece’s renewable energy sources policy (RES) plan to be reworked through public consultation procedures involving the participation of the State and all parties with interests in the sctor as a means of reinvigorating investor interest and drawing new capital to the sector.

Greece’s energy market was the focus of attention at the latest meeting held by the chamber’s RES committee, during which the subject matter included discussions on the RES sector’s objectives for 2030, the country’s new legal framework for net metering and the photovoltaics sector, as well as topics concerning the emerging electric auto industry.

The country’s plan for net metering, whose legal framework was recently ratified, appears set to deliver constructive changes to the sector for enterprises interested in investing. Net metering 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.

As for the nascent electric auto industry, a special committee comprised of State and market officials has been established, following a ministerial decision, with the objective of developing and implementing needed infrastructure to promote the use of electric vehicles in Greece.

Although this emerging industry is developing rapidly at an international level, progress has been far slower in Greece. The establishment of domestic legal framework has lagged behind.

Participants at the recent Greek-German Chamber of Industry and Commerce meeting on RES issues included representatives of the Center for Renewable Energy Sources and Saving (CRES); the Hellenic Association of Photovoltaic Companies (HELAPCO); the Greek Wind Energy Association (ELETAEN); legal officials of a law firm specializing in RES matters; the chamber’s general director, Dr. Athanasios Kelemis; as well as the chamber’s RES committee president and board member, Emmanouil Kastanakis.