What's Happening?
The Greek government has announced the redesign and relaunch of the Apollo self-consumption program, which aims to reduce energy costs for vulnerable consumers. Initially, the program was introduced to support households, municipalities, water utilities,
and local irrigation organizations by providing discounted electricity bills through local energy communities. However, the first phase of the program was not completed in time to utilize EUR 100 million from the European Union's Recovery and Resilience Facility, which expires in June 2026. Deputy Minister of Environment and Energy, Nikos Tsafos, stated that the program was excluded from the RRF and funding was redirected to other initiatives. The government has now decided to continue the first phase using different funding sources, with an increased number of beneficiaries. A second phase is planned to support additional consumer categories. The new plan includes auctions for 400 MW in wind farms and 200 MW in solar farms, with specific deadlines for project completion.
Why It's Important?
The relaunch of the Apollo program is significant as it addresses energy poverty, a critical issue affecting vulnerable populations in Greece. By providing discounted electricity through local energy communities, the program aims to alleviate financial burdens on households and other entities. The shift to renewable energy sources, such as wind and solar farms, aligns with global efforts to transition to sustainable energy solutions. This initiative not only supports Greece's energy transition goals but also contributes to the broader European Union objectives of reducing carbon emissions and enhancing energy security. The program's success could serve as a model for other countries facing similar challenges, highlighting the importance of innovative funding solutions and community-based energy initiatives.
What's Next?
The Greek government plans to proceed with the auctions for renewable energy projects, with specific deadlines for completion. Wind power projects must be completed by September 30, 2028, while photovoltaic projects have until the end of 2027. The decree stipulates that auction participants cannot be selected for more than 25% of the total capacity offered in each auction, ensuring a diverse range of participants. Additionally, solar farms without storage may participate in the auction if they include a battery in their license. The government is actively seeking new funding tools to complete both segments of the program, indicating a commitment to addressing energy poverty and promoting renewable energy.
