The decarbonization plan, a third round of the Saving at Home subsidy program for energy efficiency upgrades at buildings, the electric vehicle market growth effort and renewable energy-hydrogen development are seen capturing the lion’s share of energy-sector funds expected to be made available to the country through a wider European Commission support package proposal entitling Greece to 32 billion euros, plus funds from the new National Strategic Reference Framework (NSRF) covering 2021 to 2027.
Over ten billion euros could end up being absorbed for investments in these four sub-sectors, according to enerypress sources.
The energy ministry, taking this prospective influx into account, is now shaping preliminary energy-sector plans to comprise part of a wider government plan.
An upcoming series of energy-sector privatizations are being attached to these plans as the increasing importance of energy as a growth tool promises to intensify Greek and foreign investment interest.
According to latest estimates, the amount Greece will be entitled to through the European Commission’s Just Transition Fund, designed to support regions impacted by the EU’s decarbonization policy, now stands at 1.7 billion euros. The new Brussels support package could more-than-triple this amount, according to some early estimates.
Also, the third round of the Saving at Home energy efficiency upgrade program, estimated at 350 billion euros, could now end up reaching a level of about one billion euros as a result of the new Brussels support plan.