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Greece has introduced €140 million in funding to accelerate renewable energy projects, including hydrogen production and high-efficiency co-generation, in the Just Transition regions of Western Macedonia and Megalopolis. The grants, unveiled by Deputy Minister of National Economy and Finance Nikos Papathanasis, are designed to support and large enterprises in their shift to clean energy.
The breakdown of the grants is as follows:
- €40 million to support new and emerging SMEs focused on renewable energy, hydrogen, and co-generation.
- €20 million for existing SMEs with a project budget ranging from €500,000 to €12 million.
- €40 million allocated for new and emerging large enterprises investing in renewable energy.
- €40 million for ongoing large enterprises, with project budgets between €5 million and €45 million.
These initiatives will be evaluated based on comparative assessments that prioritize eligible energy production expenses. The funding aims to address the socio-economic challenges related to lignite phase-out, supporting Greece’s transition to a climate-neutral economy.
Papathanasis noted that the initiative aligns with Greece’s Just Development Transition Program, fostering job creation and sustainable development.
Pelopidas Kalliris, Director of the Special Just Transition Agency, emphasized that this funding will bolster investments in innovative clean energy sectors and create sustainable jobs in Greece.
The funding falls under Priority 1: Strengthening & Promoting Entrepreneurship of the DAM Program 2021-2027, with equal allocation between Western Macedonia ESDA and Megalopolis ESDA. Announcements will be posted on official websites, including the Just Transition Special Agency and ESPA 2021-2027 platforms.
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