Energy

Our firm has deep expertise in Greece’s energy sector, providing strategic legal counsel to clients navigating the complexities of Greek Law 4001/2011 on energy markets, the Renewable Energy Sources Law 4414/2016, and key EU directives such as the Renewable Energy Directive (2018/2001/EU) and the Electricity Market Directive (EU) 2019/944. We advise traditional energy corporations, renewable energy developers, and investors on project structuring, environmental compliance, and regulatory approvals, including obtaining licenses from the Regulatory Authority for Energy (RAE).

Our involvement in landmark projects, including offshore wind farms, grid interconnections, and energy storage systems, positions us as trusted advisors in the energy sector. With strong ties to Greek authorities and a profound understanding of regulatory and market dynamics, we deliver forward-looking legal solutions that ensure compliance and optimize investment outcomes.

Our firm offers comprehensive legal services across the energy value chain, from project financing and licensing to compliance with zoning and environmental laws. We assist with renewable energy project development, including wind, solar, and hydroelectric power, securing approvals under the National Renewable Energy Action Plan (NREAP) and addressing challenges related to grid access and connection agreements.

Our team advises on the liberalization of energy markets under the Greek Target Model, ensuring compliance with unbundling rules, participation in electricity trading platforms, and alignment with EU regulations such as REMIT and EMIR. Additionally, we provide guidance on oil and gas exploration licensing, LNG terminal investments, and compliance with maritime transport regulations for energy infrastructure.

Greece’s energy sector is undergoing a transformative shift driven by its commitment to the EU Green Deal, decarbonization targets, and the National Energy and Climate Plan (NECP). Key legislative developments, such as Law 4951/2022, have streamlined permitting processes for renewable energy projects, creating a favorable environment for investors.

The government’s emphasis on renewable energy development has resulted in significant opportunities for offshore wind farms, utility-scale solar parks, and battery energy storage systems. Additionally, Greece’s strategic role as an energy hub for the Eastern Mediterranean presents opportunities in gas infrastructure, including pipeline networks, LNG terminals, and interconnection projects with neighboring countries. However, investors must navigate regulatory complexities, including environmental impact assessments under EU Directive 2014/52/EU, compliance with the Energy Efficiency Directive (2012/27/EU), and zoning approvals under Greek spatial planning laws.

Greece offers substantial business opportunities in renewable energy, supported by tax incentives under the Investment Incentives Law 4399/2016 and funding through the Recovery and Resilience Facility. Key growth areas include the development of offshore wind projects, large-scale photovoltaic installations, and energy storage systems to stabilize grid operations.

The government’s hydrogen strategy and emerging carbon capture and storage (CCS) initiatives provide additional prospects for investment in innovative energy solutions. Moreover, the privatization of energy assets, including transmission networks and distribution systems, presents attractive opportunities for strategic investors. Greece’s unique geographic position enhances its potential as a regional energy hub, fostering investment in LNG import terminals, natural gas transit infrastructure, and cross-border electricity interconnections with the Balkans and Mediterranean countries. These opportunities align with Greece’s long-term goal of achieving energy independence and sustainability.