EU Energy Policy

Brussels OKs Greek renewables support scheme

The European Commission has found that a Greek auction scheme for renewable electricity production is in line with EU state aid rules.
By Staff reporter 5 January 2018 0 28971

The European Commission has found that a Greek auction scheme for renewable electricity production and cogeneration is in line with EU state aid rules, it said on Thursday.

Under the scheme, Greece will organise regular auctions to grant support to renewable energy projects, starting this year.

“Greece will bring down costs for renewable energy with competitive auctions to support renewable electricity generation. This is very good and the scheme will facilitate Greece’s efforts to reach its 2020 climate goals,” Margrethe Vestager, EU commissioner for competition, said...