European Commission 3 June 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

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The document outlines the authorization of State aid to Greece for large renewable energy and storage projects under aid number SA.103399, in accordance with Articles 107 and 108 of the Treaty on the Functioning of the European Union. The aid, amounting to a total budget of €1 billion, is intended for the Faethon and Seli projects, promoting renewable energy and energy infrastructure, with a duration from June 1, 2025, to January 6, 2044. The legal basis for this aid is established under Article 11B of Law 4685/2020, as amended by Law 4951/2022, focusing on the modernization of environmental legislation and the licensing process for renewable energy sources.AI