Mapping of national investment needs for achieving green transition needs by 2030 and the catalytic role of the RRF Loan Pillar

The crucial role of the RRF for RES development can be easily demonstrated by assessing its participation in the development of PV and Wind projects until now.  The scheduled RES capacities (considering the latest published information of ADMIE and DEDDIE) are estimated at 6 GW for PVs and 1,7 GW for Wind projects. The RRF supports 46.6% of the scheduled PV capacities and 29.7% of the scheduled Wind capacity through loans. In parallel, the RRF supports investments in other RES forms (biomass, biogas, small hydro) as well as the 680 MW hydro-pumping station of Amphilochia which is the largest investment in energy storage systems for Greece. This project is supported both with grants (38,5% of investment) and loans (11,5% of the investment). At the same time, the RRF fully supports investments in battery energy storage systems (both utility scale and small scale) with total capacities that could reach 1200 MW. This outlook underlines the value and power of the RRF as an investment tool capable of achieving the energy transition, especially considering the fact that it also includes support for the development of electricity grids which is a prerequisite for increasing RES penetration, while assuring security of supply.