Translated version of this PSD: Greek
EBRD's Greek Renewable Energy Framework (GREF) is an investment framework for EBRD's financing of (i) Greek renewable energy projects and (ii) electricity grid modernisation and expansion investments that enable renewables integration in the Greek system. GREF comes at a crucial time for renewables in Greece. GREF responds to the country's target to add 2.4 GW of new renewable energy capacity by 2020 and more specifically, the recent adoption of a new more market-based renewable energy support scheme, which includes a transition to an auction-based price-setting mechanism. The Bank has the opportunity to play a role in ensuring that this new scheme is successful and thus supporting Greece's energy security and carbon reduction goals.
The GREF will:
Demonstrate the Bank's commitment to support renewable energy in Greece under a newly established market-based support scheme.
Support network operators in building both the physical and operational capacity to accept and manage large and medium scale penetration of renewable energy, including addressing issues of grid access and capacity
- Deliver coordinated policy dialogue efforts and messages
GREF will contribute to Greece meeting its renewable energy targets and achieving carbon emission reductions: (i) directly through financing projects in renewable electricity generation especially through the new auction scheme, as well as (ii) indirectly, by supporting enabling grid infrastructure for improved penetration of renewable plants into the Greek system.
Each sub-project under GREF will have its own client from the private or public sector.
EBRD Finance Summary
Total Project Cost
Environmental and Social Summary
Under the 2014 E&S Policy, the Framework itself will not be categorised and each sub-project will be subject to full project and sponsor-specific environmental and social due diligence with the support of an independent consultant. On the basis of this, each sub-project will be individually reviewed and categorised and due diligence will be undertaken accordingly with project-specific disclosure requirements.
For business opportunities or procurement, contact the client company.
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Public Information Policy (PIP)
The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP