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Greece

MARKET STRUCTURE

 
Hydropower has traditionally been important in Greece, and the markets for wind energy and active solar thermal systems have grown in recent years. Geothermal heat is also a popular source of energy. The Greek Parliament has recently revised the RES policy framework, partly to reduce administrative burdens on the renewable energy sector.

KEY SUPPORT SCHEMES

 
General policies relevant to RES include a measure related to investment support, a 20 per cent reduction of taxable income on expenses for domestic appliances or systems using RES, and a concrete bidding procedure to ensure the rational use of geothermal energy. In addition, an inter-ministerial decision was taken in order to reduce the administrative burden associated with RES installations.

Greece has introduced the following mechanisms to stimulate the growth of RES-E:

• FITs were introduced in 1994 and amended by the recently approved Feed-in Law. Tariffs are now technology-specific, instead of uniform, and a guarantee of 12 years is given, with a possibility of extension to up to 20 years.
  
• Liberalisation of RES-E development is the subject of Law 2773/1999.

Table I.11: Key Support Schemes in Greece

FUTURE TARGETS

 
According to the EU Directive, the RES-E target to be achieved by Greece is 20.1 per cent of gross electricity consumption by 2010. In terms of RES-E share of gross electricity consumption, the 1997 figure of 8.6 per cent increased to 9.56 per cent in 2004.