The provision of EU Recovery and Resilience Facility funds for Greece, totaling over 6 billion euros, will depend on the progress of milestones set for various energy transition projects.

These projects, listed in a 288-page report just endorsed by the European Commission, include the Cyclades grid interconnections; restructured RES special account; energy storage projects, such as a pumped storage station planned for Amfilohia, northwestern Greece; transformation of lignite facilities; modernization of distribution network operator DEDDIE/HEDNO’s networks; as well as energy-efficiency upgrades of 105,000 residencies by 2025 for energy savings averaging at least 30 percent.

RRF funds for the country’s national recovery plan, dubbed Greece 2.0, will be subject to European Commission approval, which will depend on the progress made along the aforementioned fronts.

The country’s ministries, including the energy ministry, must now set about making all needed revisions and interventions to ensure these RRF funds come through for Greece.