A draft bill being prepared by the government to promote growth for Greece’s embryonic electric vehicle sector will not only include incentives for buyers and users but also producers, energypress has been informed.
Producers establishing production lines for electric vehicle parts, including batteries, transformers and recharging units, will be offered incentives in the form of lower tax rates and reduced social security system contributions for employees, the sources said.
However, eligibility for these incentives will be conditional and require producers to establish their production facilities in either northern Greece’s west Macedonia region or Megalopoli in the Peloponnese, both lignite-dependent local economies headed for decarbonization.
The incentives are expected to include subsidies of between 4,500 and 5,000 euros for purchases of zero or low-emission electric cars, approximately 1,000 euros for electric scooters and 800 euros for electric bicycles.
Government officials plan to submit the draft bill on electric vehicles to Parliament in June.
Besides seeking to promote industrial development in current lignite areas, the master plan will also aim to make the most of early interest expressed by foreign investors.
One of these, Tesla, has, for months now, expressed interest to the Greek government for development of a fast-recharge network at Greece’s highways, a project budgeted at 10 million euros. This project is envisioned as part of a wider plan stretching from Portugal to Spain, France, Italy, Greece and Turkey.
JinkoSolar, one of the largest and most innovative solar module manufacturers in the world, has announced a 950-MW delivery to X-ELIO, a leading company dedicated to the development, construction and operation of photovoltaic plants, of its ultra-high efficiency Cheetah 72 cells solar modules to be installed at different projects across Spain and Mexico.
Out of the 950 MW to be installed, 575 MW of the PV panels will be used in 12 project sites, namely in Spain, including Ciudad Real, Badajoz, Albacete, Murcia, Almería, Sevilla, Cartagena, Valencia and Segovia, while over 375 MW will be deployed in two different project locations in Mexico, with 118 MW and 257 MW destined for Veracruz and Navojoa, respectively.
“We are very pleased to have gained the trust and confidence of X-ELIO, one of the most professional and experienced developers and investors in the PV industry,” commented Kangping Chen, CEO of JinkoSolar. “Supplying their large-scale pipeline projects in Spain and Mexico with our ultra-high efficiency PERC Mono modules has allowed us to significantly expand our share of the Spanish and Mexican PV markets this year. It has always been our mission to be recognized as the most reliable global module supplier, which is driven by our commitment of delivering high-quality products and exceptional customer service. It is this commitment that allows us to develop deep and long-lasting relationships with respected partners such as X-ELIO.”
X-ELIO, firmly committed to greenhouse gas reduction and the fight against climate change, has built more than 1.6 GW in solar photovoltaic plants and currently has 41 solar plants in operation.
JinkoSolar, one of the largest and most innovative solar module manufacturers in the world, has signed a module supply contract with METKA EGN, a world-class EPC contractor, for 300 MW of JinkoSolar’s ultra-high efficiency Cheetah modules to be installed at a large-scale solar power plant, the Talasol project, in the municipality of Talaván, Cáceres, Spain, the company has announced.
“Cheetah modules are widely accepted by the market and have become industry standards. We are delighted that METKA EGN, one of the most professional and experienced EPCs developers globally, has once again placed their trust in the superior quality and reliable performance of our solar modules for this impressive new project in Spain. The Talasol project will create a benchmark in Europe in terms of competitively-priced and subsidy-free solar power. It is also one of the largest utility scale projects ever built in Europe and JinkoSolar is very proud to be a part of such a milestone,” said Frank Niendorf, General Manager of JinkoSolar Europe.
Nikos Papapetrou, CEO of METKA EGN commented: “The 300 MW Talasol project is a landmark venture not only in Spain, but for the whole of Europe. We have our full trust in JinkoSolar, one of the leading companies in the solar industry, as our strategic module supplier and are confident that they will deliver their high-performance, durable and reliable modules on time which will help produce long-term sustainable renewable energy.”
Setting a clear precedent in Spain and beyond, including Greece, where predetermined feed-in tariffs for renewable energy producers have been retroactively reduced, the International Center for the Settlement of Investment Disputes (ICSID) has delivered a decision against Spain, ordering the country to make a 128 million-euro compensation payment, plus interest, to Eiser Infrastructure Limited and its subsidiary Energia Solar Luxemburg.
The retroactive reductions of predetermined tariffs offered to investors in Spain for RES output are an infringement of Article 10 of the Energy Charter Treaty and its fair and equitable treatment regulation, according to the ICSID decision.
A large number of Spanish RES producers have filed cases claiming substantial compensation amounts for retroactive tariff reductions concerning existing RES units.
This ICSID development could impact measures included in Greece’s new deal, aiming to solve LAGIE’s (Electricity Market Operator) deficit problem. It includes feed-in tariff cuts for producers in exchange for bank loan extensions and interest rate reductions.
Spain’s energy ministry has announced that the government is considering appealing the ICSID decision, fearing it could prompt more affected RES investors to take related legal action and seek damages.
Eiser Infrastructure Limited had joined forces with Spanish energy investment company Elecnor and construction company Aries to develop solar energy production stations in the cities Ciuadad Real and Badajoj in 2007. These investments were worth a total of 935 million euros.
Favorable RES sector conditions, legislated in Spanish parliament before being overturned by the tariff cuts, served as an incentive for this investment decision.
Contrary to the ICSID, the Supreme Court in Spain, citing various reasons, has rejected claims made by RES producers. The court has noted that the unpredictability of actual RES market conditions justifies the tariff revisions.