A new formula just introduced by the distribution network operator DEDDIE/HEDNO for the expansion of medium-voltage transmission lines promises to restart the development of small-to-medium scale solar energy projects by providing a viable way for investors to cover the cost of network projects.
This new approach comes as an effort to end investment stagnancy in the RES sector by enabling RES producers to overcome local network saturation issues that have prevented the development of their project plans.
The new formula entails the issuance of connection terms for clusters of independent PV units, for which the operator will temporarily cover the cost of network expansion projects concerning units that will not pay immediately.
The plan was introduced by the operator last Friday, beginning with the issuance of connection terms for a first batch of three PV clusters.
It comes at a time when, according to data processed by SPEF, the Hellenic Association of Photovoltaic Energy Producers, the percentage of RES applications rejected by DEDDIE/HEDNO has reached a level of 80 percent.
This heightened level of rejections has, more recently, prompted the intervention of sector agencies, highlighting the fact that investor interest in RES investments, especially small-and-medium sized photovoltaics, has come to a standstill.