A special support scheme for domestic industries active in the production of equipment concerning the country’s energy transition is expected to be included in a new development law to be announced in the near future by the Ministry of Development and Investment.

This new provision in the development law, to follow a “Produce e-Green” initiative launched by the previous leadership of the energy ministry, will aim to support and encourage domestic industry to become active in the energy transition sector, producing equipment and products for the country’s green transformation.

A number of companies have already shown interest for such an initiative, development and investments minister Kostas Skrekas told the recent 5th Renewable & Storage Forum in Athens. The minister mentioned Elefsina Shipyards, capable of manufacturing floating wind turbine bases, as an example.

The development ministry is determined to take significant steps in linking research and innovation with industry for production of equipment used for the country’s energy transition.