Greece's Ministry of Environment and Energy has launched a €200m subsidy program for solar projects and small storage systems to encourage residential and agricultural segments to adopt renewable energy.
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His geographic area of expertise includes Europe and the MENA region. Greece’s Ministry of Environment and Energy has revealed a new €200 million ($215.3 million) subsidy program for solar projects and small storage systems in the residential and agricultural segments. The scheme is backed by the country’s post-pandemic recovery plan.
The new scheme can cover between 20% to 65% of PV system costs, depending on the subsidy pot. For batteries, the first two subsidy pots will cover 100% of battery purchases and installation. The third and fourth subsidy pots will cover 90% of the battery costs.
The 2 GW of grid space is available for small PV systems up to 10 kW in size, and will be offered on a first-come, first-served basis. About 40& of this will be offered to residential net-metering systems, while 30% of it will be given to small commercial PV systems. The remaining 30% will be allocated to agricultural PV projects.
Families with annual incomes higher than €40,000, or individuals with incomes higher than €20,000 will claim funds from a €50 million subsidy pot. In addition, the government has established a separate €30 million subsidy pot for farmers. The new scheme can cover between 20% to 65% of PV system costs, depending on the subsidy pot.
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