Greece's Recovery Fund allocates €3.3 bn to energy, helping 180,000 households and firms

The Greek Recovery and Resilience Fund has dedicated €3.3 billion—one‑sixth of the total programme—to the energy sector, fully absorbed after reallocations and EU negotiations. Deputy Minister of Environment and Energy Nikos Tsafos said the funding is split into three pillars.

The first pillar, €1.5 billion, finances energy‑saving measures, the largest investment in the country's history. Programs such as “Exokonomó” and “Exokonomó‑Renovate for Youth” enrolled 90,000 households, another 90,000 received subsidies for heat‑pump and solar‑water‑heater installations, and about 1,000 enterprises benefited from equipment‑upgrade schemes.

The second pillar, also €1.5 billion, supports renewable‑energy projects, storage, and grid upgrades. It includes a €200 million boost to the electricity market operator, solar‑PV installations on roofs and farms, a storage‑pump project in Amphilochia, participation in ADME’s capital increase, and enhancements to transmission and distribution networks.

The third pillar, roughly €400 million, funds innovative initiatives such as green‑hydrogen production and carbon‑capture‑and‑storage (CCS) projects. In total, more than 180,000 citizens and businesses have benefited, and the Fund is also financing regulatory reforms for biogas, offshore wind, and a new spatial plan for renewable sources, expected to be finalised by the end of the month.