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Renewables
30/03/2021
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Special terms for RES special account’s recovery fund support

An energy ministry request for European Commission Recovery and Resilience Facility support worth 200 million euros for the country’s RES special account, facing deficit territory, has been included in the national RRF plan, but special terms will need to apply as Brussels has not accepted a Greek argument citing the pandemic as the main cause of the account’s deficit issues.

Despite Brussels’ initial objections to Greece’s RRF inclusion of support for the RES special account, the case remains open and is being discussed by the two sides.

The likelihood of Brussels accepting Greece’s bid is believed to be improving as these talks progress.

Officials are currently seeking to determine the extent of the RES special account and impact of new renewable energy projects to be connected to the grid this year before a support sum is set, sources informed.

It remains unclear if a proposal, already tabled, to split the RES special account into two, one covering up to 2021 and the other beyond, can be adopted, the sources added.

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