Investors behind solar and wind energy projects planning to secure non-auction tariffs for their projects will be given extensions beyond an upcoming February 28 deadline, based on a legislative revision being prepared by the energy ministry for ratification, energypress sources have informed.

Energy minister Kostas Skrekas has decided to extended the non-auction tariff deadline for investors in acknowledgment of major project development delays prompted by supply chain disruptions on a worldwide scale, as well as construction issues that were faced by investors following problems caused by a recent extreme weather system that severely affected the country’s ability to operate.

However, the deadline extension to be granted to investors through the upcoming revision is not expected to be extensive. The energy ministry has been contemplating granting a one-month extension, but a greater time period is now considered highly likely.