|February 2013 - price per MW||$162||>100kW = $123
<100kW = $156
|August 2013 - price per MW||$162||>100kW = $123
<100kW = $156
|February 2014 - price per MW||$156||>100kW = $117
>100kW = $149
|August 2014 - price per MW||$156||>100kW = $117
>100kW = $149
|February 2015 - price per MW||$149|
|August 2015 - price per MW||$149|
|February 2016 - price per MW||$143|
|August 2016 - price per MW||$143|
|February 2017 - price per MW||$136|
|August 2017 - price per MW||$130|
|February 2018 - price per MW||$123|
|August 2018 - price per MW||$117|
Back in 2007 a Ministerial decision was made to set up a PV development program in conjunction with FiTs, this plan foresees that in the period between 2007 and 2010 a total of 540MWp will be installed in the interconnected system of the Mainland, 200MWp in the islands and 50MWp for off-grid applications.
The new FiT rate will give support for a period of 20 years, and is expected to be revised after this time. Data recorded in 2007 shows that PV systems in Greece account for more than 1.3MW of the energy sources in this country. Since then, the amount has gone up considerably as the amount of installations increases with popularity of this energy source.
The Greek Minister of Development announced on 4th of June 2009 that he had signed the Joint Ministerial Decision for free PV installation projects of up to 10KWp, for use on the roofs of houses and business buildings.
This will mean easier and faster procedures for building΄s owners who can then take the license to install PV panels on their roofs. This program will be valid until December of 2019.
The owners of the buildings, after covering their needs in energy consumption, will sell the rest of the energy capacity, which they produce, to DEI SA (Public Power Corporation) at a higher price (FiT $0.743/KWh guaranteed for 25 years and adjusted every year for inflation 25% of last year's Consumer Price Index) than they pay to DEI for each kW.
This new Joint Ministerial Decision (KYA) will strongly promote the PV projects in the Greek market and the sales of PV panels, inverters and other equipment and will also help the international business in Greece.
Plans for the future of renewable energy sources in Greece include increasing the share of RES in the country to 18% by the year 2020. The goal for PV is set at an expansion of 700MWp by the same year.
Other statistics for PV systems by 2020 include, an installed capacity of 200MW, 0.20TWh of energy generated and a 0.28% share of this energy source by 2010.
Update May 01, 2013
The Greek Ministry of Environment, Energy and Climate Change has announced retroactive cuts to the country’s feed-in tariff in a bid to reduce its Renewable Energy Sources Fund deficit.
The FiT cut will apply to plants installed in February and will come into affect on 1 June 2013. Plants under 100kW will receive €95 per megawatt while plants over 100kW will receive €120 per megawatt. An annual degression of €5 will be made until 2014.
For roof-top installations, from February 2013 the FiT will be €125 per megawatt with an annual degression of €5 until February 2017 when the FiT will degress bi-annually until August 2019 when the FiT will be €80.
Update Dec 01, 2012
The European Photovoltaic Association (EPIA) has asked the European Union to take action against member states including Greece, by curtailing support to the renewables industry.
Law firm Metaxas and Associates will be representing several foreign and Greek renewable energy sources (RES) investors in a bid to lodge a complaint with the European Commission on the retroactive taxation on RES.
Earlier in November, Hellenic Association of Photovoltaic Energy Producers (SPEF) filed an official complaint to the European Commission against the Variable Cost Recovery Mechanism (VCRM). VCRM is heavily distorting the wholesale electricity price of the market, called System Marginal Price (SMP). Feed in tariff of RES is then wrongly compared to the distorted – artificially lowered SMP in order to calculate the added special RES levy needed, for supporting their FIT scheme.
The law firm said the complaint with the EU Commission will be the first crucial step towards challenging the retroactive taxation, followed by a series of further legal actions, at both individual and collective level.
Update Oct 01, 2012
The ministry has set out a new feed-in tariff rate for the pricing of energy produced by photovoltaic stations. The new FiT structure was established after consultation with the Regulatory Authority for Energy (RAE) and having reviewed the FIT practices of other European countries. The process came about because:
- Greece has a higher solar exposure than most other countries; and
- The costs of such stations have decreased significantly.
As a satisfactory rate of return may still be achieved with a lower FiT, the ministry shall reduce the FiT paid to producers for energy produced by new photovoltaic stations.
Update Feb 01, 2012
Following consultations with stake holders and environmental organisations, the Greek Ministry of Environment has published new FiTs for PV installations, effective February 1. The tariff for PV systems up to 100kW and for systems installed on non-interconnected islands has been reduced by 12.5% compared to the previous rate introduced in 2009. The new tariff will be further reduced by 7% every six months until August 2014.
Update Jan 01, 2012
Law firm Metaxas and Associates has been assigned by a Greek PV equipment construction company to draft a letter to examine the compatibility of potential measures for the support of national photovoltaic industry with EU State Aid Law, to counter the reduction of the current FiT.