An energy ministry proposal seeking funding support for power purchase agreements (PPAs) between industrial enterprises and RES producers through the European Commission’s Recovery and Resilience Facility has been excluded from the government’s RRF plan to soon be forwarded to Brussels, energypress sources have informed.
Greece’s plan for PPA support through the RRF did not meet the facility’s criteria, leading to its rejection by Brussels, sources informed. Other support options for PPAs are now being sought by the government.
It remains unclear if EU recovery fund support will be offered to the RES special account, in deficit territory. The European Commission has indicated it could offer its approval. Greece is seeking a 200 million-euro injection.
RRF backing is considered certain for power grid operator IPTO’s electricity transmission projects plus a number of projects planned by the distribution network operator DEDDIE/HEDNO, such as smart meter installations and partial undergrounding of networks, as well as initiatives associated with the country’s decarbonization effort and a subsidy program for energy efficiency upgrades of buildings.
Greece’s overall plan for RRF support will be presented at a cabinet meeting today by deputy finance minister Theodoros Skylakakis. Totaling 32 billion euros, its section for energy-sector projects is worth 6 billion euros.