The finance ministry plans to redirect a 202 million-euro amount of Recovery and Resilience Facility (RRF) funds that had been intended for the RES special account to cover other needs as a result of a reversal of forecasts brought about by the energy crisis.

This RRF money was originally planned as support money for new RES projects electrified from January 1, 2021 onwards, based on forecasts made in 2019, prior to the outbreak of the energy crisis.

The finance ministry is now considering to redirect these RRF funds for other investments as a projected deficit of the RES special account’s new sub-account for new projects did not come about and any possibility of this occurring in the next few years has been ruled out, energypress sources have informed.

However, if the funds are redirected, safety measures will be adopted to ensure the RES special account’s new sub-account remains sustainable under any circumstances, the sources added.

According to a latest report published by DAPEEP, the RES market operator, the RES special account’s sub-account for new projects will end 2022 with a surplus of 91.41 million euros, which will increase to 131.25 million euros by the end of 2023.