Wind solar storage project financing options in Greece 2025

The European Investment Bank offers preferential financing for Greek renewable projects, with interest rates as low as 2.5% for qualified investments. Additionally, the EU’s Recovery and Resilience Facility provides grants up to 30% of project costs for innovative green energy.
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Aer Soléir – Irish for "clear air" – is dedicated to accelerating the energy transition in Europe. Headquartered in Dublin, Ireland, we are a developer of utility scale onshore wind, solar PV and battery storage in select European markets.

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6 FAQs about [Wind solar storage project financing options in Greece 2025]

How much solar power will Greece have by 2030?

Greece’s National Energy and Climate Plan sets out a target of expanding renewable capacity to 19 GW by 2030 with an estimated increase in capacity of 3.2 GW for solar PV & 2.9 GW for wind by this date. The largest solar PV plant in the country with a capacity of 0.2 GW, which cost 130m EUR to construct, was connected to the grid in April 2022.

How do the Green Deal and 'fit for 55' measures help Greece?

The measures contribute to achieving Greece's climate and energy targets, as well as the objectives of the European Green Deal and 'Fit for 55' package, by enabling the integration of renewable energy sources in the Greek electricity system.

How can Greece increase the use of renewable electricity in transport?

Supporting the use of electric vehicles is another way in which the Greek government is attempting to increase the use of renewable electricity in transport. In its National Energy and Climate Plan, Greece set out the aim to have a minimum of 8.7% by 2024 and 30% by 2023 of new car registrations to be electric vehicles.

What is the first offshore wind law in Greece?

To support this goal, in Aug 2022 the Greek Parliament approved the first Offshore Wind Law, chapter H (articles 65 to 80) of Law 4964/2022, which appoints the state owned company Hellenic Hydrocarbon Resources & Energy Resources Management to lead site investigation, allocation and concession development for offshore wind generation.

Does Greece have offshore wind?

Greece currently does not have any offshore wind generation but the government has a target of 2 GW of offshore wind capacity by 2030.

What is Greece doing to achieve net zero?

To facilitate the net zero aim Greece has increased renewables in electricity generation, increased biofuels in transport and improved electrification and energy efficiency in road transport.

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