On August 13, 2024, the CMU adopted Resolution N 756-р On some issues related to the contest for the construction of generating capacity and the implementation of demand-side management measures (the “Contest Conditions Resolution”) setting forth the following conditions for the construction of generating capacity:

The energy market in Greece is undergoing dynamic changes and challenges. The country is trying to adapt to the requirements of the energy transition by focusing on the development of renewable energy sources (RES) and enhancing its energy independence. At the same time, legislative developments and initiatives aim to address existing challenges and promote sustainable solutions.

In The Debrief, our Practice Leaders across CEE share updates on recent and upcoming legislation, consider the impact of recent court decisions, showcase landmark projects, and keep our readers apprised of the latest developments impacting their respective practice areas.

Clifford Chance has advised UKEF and Standard Chartered Bank on the UKEF and KUKE-covered green financing of EUR 249 million for Kaylon Enerji.

Bernitsas has advised Helleniq Energy Holdings and its subsidiaries, Hellenic Petroleum and EKO on EUR 1.5 billion financing with Alpha Bank, Eurobank, Piraeus Bank, and the National Bank of Greece. 

DLA Piper has advised EDP Renewables Polska on the sale of a renewable energy portfolio comprising two photovoltaic farms with a total capacity of 280 megawatts and a wind farm hosting 13 turbines with a total capacity of 26 megawatts to the Orlen Group in a transaction worth PLN 1.15 billion.