Greek Renewables Support Scheme: Draft Legislation July 2016 - Watson Farley & Williams

The Greek Ministry of Environment and Energy has now published draft legislation on the new support scheme for renewable energy (RES) and Co-generation of High-Efficiency Heat and Power (CHP), which was open to public consultation until 27 June. The new support scheme follows proposals the Ministry published on 26 February. According to the draft, the scope of the new legislation implements a new support structure for RES and CHP projects in Greece compatible with the EU Guidelines on State aid for environmental protection and energy 2014 – 20202 “in order to achieve the gradual participation of RES and CHP projects in the electricity market on an optimal cost-benefit basis for society”.