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Dokumentum 52025AS103399

Authorisation for State aid pursuant to Articles 107 and 108 of the Treaty on the Functioning of the European Union – Cases where the Commission raises no objections – SA.103399

C/2024/2137

OJ C, C/2025/3136, 3.6.2025, ELI: http://data.europa.eu/eli/C/2025/3136/oj (BG, ES, CS, DA, DE, ET, EL, EN, FR, GA, HR, IT, LV, LT, HU, MT, NL, PL, PT, RO, SK, SL, FI, SV)

ELI: http://data.europa.eu/eli/C/2025/3136/oj

European flag

Official Journal
of the European Union

EN

C series


C/2025/3136

3.6.2025

Authorisation for State aid pursuant to Articles 107 and 108 of the Treaty on the Functioning of the European Union

Cases where the Commission raises no objections

SA.103399

(Text with EEA relevance)

(C/2025/3136)

Date of adoption of the decision

2.4.2024

Aid number

SA.103399

Member State

Greece

Region

 

Title (title and/or name of the beneficiary)

Individual aid to large and mature renewable and storage projects

Legal basis

Article 11B of Law 4685/2020 "Modernisation of the environmental legislation, implementation of Directives 2018/844 and 2019/692 of the European Parliament and Council and other provisions", as introduced into by means of Law 4951/2022 "Modernization of the licensing process of Renewable Energy Sources - Phase B, License provision for electricity generation and storage of energy, framework for the development of pilot offshore floating photovoltaic stations and specific provisions on energy and environmental protection".

Type of measure

Ad Hoc Case

The Proposed State Aid will be granted to the promoters of the SELI and FΑΕΤΗΟΝ RES projects with embedded storage: ☐ “FAETHON”, a consortium registered in Greece in November 2021 and comprising the companies Energy Yperionas S.A. and Ilos New Energy Greece Single Member P.C., which will construct and operate the Faethon Project; and ☐ “PRASINI ILIAKI ENERGEIA ATHINAS Single Member P.C.”, a company registered in Greece in 2020 and established specifically as the SPV for the development of Project Seli, th

Objective

Renewable energy, Energy infrastructures

Form of aid

Other

Budget

Overall budget: 1 000 000 000 EUR

Annual budget: 42 000 000 EUR

Intensity

 

Duration

1.6.2025 - 6.1.2044

Economic sectors

Production of electricity

Name and address of the granting authority

Ministry for the Environment and Energy

Leoforos Mesogeion 119, 11526 Athens

Other information

 

The authentic text(s) of the decision, from which all confidential information has been removed, can be found at:

https://competition-cases.ec.europa.eu/search?caseInstrument=SA


ELI: http://data.europa.eu/eli/C/2025/3136/oj

ISSN 1977-091X (electronic edition)


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