According to the proposed bill, up to 250 MWp of new PV systems will be eligible for FiTs every year in the period 2014-2020. Adding the capacity which will be compensated through a newly introduced net-metering scheme, the overall new PV capacity till 2020 is expected to be ca. 2 GWp.
The bill also imposes permanent retroactive cuts (average 30%) on existing FiTs for already operating PV plants and extends the duration of relevant contracts by 5 years (during this extra 5 years period, the systems will be compensated with electricity market prices or alternatively with 80 €/MWh).
The Hellenic Association of Photovoltaic Companies (HELAPCO) welcomes the lifting of the ban on new PV systems and foresees a more stable environment for PV investments after the introduction of the new measures.