Understanding Corporate Power Purchase Agreements (PPAs) In Greece

The renewable energy sector has seen significant growth and transformation over recent years, and Greece is no exception. With almost 45% of its total energy production coming from Renewable Energy Sources (RES) like solar and wind power, Greece is experiencing a shift towards more sustainable energy solutions.

This article delves into the evolving landscape of corporate Power Purchase Agreements (PPAs) in Greece, highlighting market trends, legal framework, and key considerations for structuring and negotiating these agreements.

Market trends and developments

In response to the green transition, the Greek energy market is experiencing a progressive transition from state support schemes to corporate PPAs. Historically, the Greek government promoted RES through state support mechanisms, such as the feed-in tariff model established by Greek Law 3468/2006. This model provided guaranteed prices and long-term agreements to RES producers, effectively shielding them