A group of Greek and foreign investors has filed a complaint with the European commission against a retroactive tax on income generated from renewable energy.
Representing the group, law firm Metaxas & Associates said it had filed complaints with the EC’s Directorate General for Competition and the Directorate General for Energy.
It concerns the Greek government’s implementation in November of a new austerity law under which owners of PV systems built before 2012 must pay a 25% tax on income generated by the system. PV systems built from 1 January 2012 will have to pay a tax of 27%, but this number can grow to 30% under certain conditions.
The complaint maintains that the law distorts competition by penalising a specific energy production sector – renewable energy – while excluding others.
It also alleges that the law infringes the basic principles of European Union energy policy, particularly regarding renewable energy. The EU is aiming to generate 20% of its energy from renewable sources by 2020.