Revisions needed by June for next installment of RRF funds

Recovery and Resilience Facility milestones set by the European Commission for Greece this year were the focus of discussions between deputy energy minister Alexandra Sdoukou and Brussels officials at a meeting in the Greek capital as the government prepares to submit its application for a fourth installment of RRF funds.

The European Commission’s RRF task force has held a series of meetings in Athens over the past few days with all ministries involved.

Greece’s list of projects seeking financial support through REPowerEU, bolstering the preceding RRF initiative, is worth a total of 795 million euros and includes Exikonomo, a 560 million-euro subsidy program for energy-efficiency upgrades of buildings; a 75 million-euro support plan for hydrogen and biomethane development; a further 75 million euros for a CCS supply chain; and 85 million euros for energy storage systems.

However, revisions, part of the milestones set for the second quarter of this year, will need to be finalized and ratified in Greek Parliament by June before these sums can be extended.

The RRF, a Brussels support initiative introduced during the pandemic, has now reached its midway mark and is scheduled to be completed by August, 2026. Greece is expected to submit its application for a fourth installment of RRF funds in April.