The Greek parliament has accepted a brand new legislation that introduces renewable power insurance policies for public sale design and small initiatives with sturdy feed-in tariffs.
Since 2016, when Greece launched its aggressive public sale framework for renewable power and held its first PV tender, the nation has delivered greater than 2 GW of photo voltaic capability. Awarded initiatives often take part within the power market and safe a variable feed-in premium above market costs. The quantity of those premiums is dependent upon a number of market variables, such because the marginal value, along with the tariffs set by way of aggressive tenders.
This coverage stays in place right this moment, however on the finish of April, the Greek parliament voted on a brand new legislation (Law 5106/2024) that permits the federal government to carry auctions for asset house owners prepared which is able to settle for the next electrical energy discount price for his or her initiatives. than normal, in addition to installations that embrace power storage programs.
The new coverage started on May 1, however the European Commission should approve the brand new public sale earlier than the Greek authorities can maintain the primary tenders.
The new legislation doesn’t outline the share of electrical energy discount for initiatives awarded in future auctions. Instead, the brand new legislation permits Greece’s Ministry of the Environment and Energy to individually set the electrical energy discount proportion for awarded initiatives for every new public sale. Similarly, the necessities for the power storage system in future auctions will even be set by the ministry earlier than every procurement train.
This new technique of auctions is designed to assist Greece handle the electrical energy scarcity problem. In the primary quarter of 2024, the nation curbs about 4% of home inexperienced electrical energy manufacturing. However, there are issues that constraints could enhance considerably sooner or later, given the present tempo of growth and the nation’s bold renewable power targets.
The new legislation additionally ends feed-in tariffs for photo voltaic initiatives as much as 500 kW in dimension. Developers of such installations with the mandatory licenses can signal contracts with the Renewable Energy Sources Operator of Greece and promote the generated electrical energy on the electrical energy market at a feed-in tariff of €65.73 ( $71.37)/MWh. Projects as much as 1 MW in dimension for power communities or farmers will obtain a feed-in tariff of €68.87/MWh.
The builders of those initiatives should signal agreements with the Renewable Energy Systems Operator on May 31, 2024. After that date, the builders should take part in aggressive auctions and safe aggressive contracts which can be set costs.
The extension to December 31, 2024, applies to initiatives within the lignite mining area of Greece in Florina and Kozani, Western Macedonia Prefecture, and a few initiatives of farmers or the Greek distribution grid operator.
That mentioned, photo voltaic farms with feed-in tariff contracts in place on May 31 or December 31 should even be put in and related to the grid inside particular timelines, as Greece seems to be dashing to shut on this market phase. .
The photo voltaic initiatives on this class could also be few, but it surely has been the powerhouse of the PV sector in Greece for a few years, including vital capability and conserving the sector alive.
This content material is protected by copyright and might not be reused. If you wish to cooperate with us and wish to reuse a few of our content material, please contact: [email protected].
