The wind energy sector in Greece is dominated by specialised companies that develop, own and operate a portfolio of wind parks, and in many cases also photovoltaic power stations and small hydro plants. Nevertheless, the 10% target for RES in transport is still far from being achieved considering the 1.4% RES share of 2015. In 2015, a total RES share of 15.44% was achieved. If the difference is positive, meaning that more RES electricity is produced and fed into the grid than self-consumed, this surplus is credited to the next electricity bill. LAGIE has the responsibility for the operation of the electricity market according to the mandatory pool model. This includes the non-interconnected electricity networks as well as the electricity generation facilities on the Greek islands. The new RES support scheme has been outlined in Law 4414/2016 and its provisions aim at reforming the support scheme of electricity production from RES and CHP power plants in order to achieve the progressive integration and participation of these generation units into the electricity market in an optimal and cost-effective way. This has been mainly due to the adjustment of feed-in tariffs (FIT) in April 2014 that have been implemented in the context of Law 4254/2014. RES projects are entitled to the reference tariff that is active at the time of commissioning of the project. If the difference is negative, i.e. All RES projects have to submit applications for non-binding (only for projects that are obliged for a production and installation license) and binding connection offers to the competent network operator, i.e. more electricity was consumed than produced; the installation operator is obliged to pay the difference. The Independent Power Transmission Operator (IPTO/ADMIE) S.A. is a wholly owned subsidiary of PPC S.A. that is however independent from its parent company in terms of its management and operation. As of the 1Law 4414/2016 also foresees the establishment of a monitoring mechanism in order to monitor the support provided for RES generation, to assess the levelised cost of electricity (LCOE) of the new RES plants, while also providing projections on the sustainability of the RES special account. The RES cost compares to an average electricity system marginal price (SMP) of 42.83 €/MWh in 2016. There are plans for the full ownership unbundling of IPTO in 2014. Payment of the FIT was guaranteed for a period of 20 years (25 years for small PV systems and solar thermal power plants) in the context of a sales contract (Power Purchase Agreement – PPA). YPEN supervises a number of public institutions and companies with activities in the renewable energy sector, including RAE, PPC, IPTO, HEDNO and CRES. It is calculated as the difference between total population and urban population.It is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. There are a number of Greek associations representing the private companies that are active in the renewable energy sector.
The Law 4414/2016 on the “New Support Scheme for Renewable Energy Power Plants and High Efficiency Combined Heat and Power Plants” was adopted by the Hellenic Parliament on the 4th of August 2016 and entered into force on the 9However, small scale (<3 MW wind, <500 kW other RES) and demonstration projects are exempt from the new scheme in which case a standard PPA with FIT is concluded in line with Law 4414/2016. For RES projects under the FIP, an average monthly market reference price is deducted from the reference tariff in order to arrive at the FIP that is being paid to RES generators. The ample availability of renewable energy potential (wind, hydro, biomass, geothermal, solar & solar thermal) combined with ongoing large-scale infrastructure projects involving Greece (TAP-IGB-EastMed Gas Pipelines, EuroAsia Interconnector, hydrocarbons exploration and development) show that Greece will be a key player in the formulation of the EU energy mix and will provide significant investment opportunities in all energy industries. PPC is active in the RES sector through its subsidiary company “PPC Renewables S.A.” (PPCR). For the case of concentrated solar power, the national target for 2020 is 250 MW and there are some sites with yearly direct irradiation levels over 2,000 kWh/mOther technologies with an interesting technical potential (e.g. Currently there are no articles under this heading. Also, the new EC Guidelines on State aid for environmental protection and energy for the period from 2014-2020 (EEAG) that have entered into force on 1 July 2014 have defined new criteria and timelines for national RES support schemes in order to be eligible for approval by the EC.