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Further to the recent conclusion of a virtual PPA involving 7 solar projects between GREEN, the energy branch of V-Group (Vasileiadis group of companies) and HERON ENERGY S.A., a leading energy supplier belonging to GEK TERNA group, Zepos & Yannopoulos continued advising GREEN in connection with two additional PPAs with HERON for 2 solar projects. Overall the PPA transactions will enable the sale of energy generated from the 9 solar projects in all individual markets of the wholesale electricity market for a period of 12 years. For the participation of these PV projects in the Energy Exchange market, we also supported GREEN in the negotiations of the relevant market representation agreements signed with Optimus Energy, a rapidly developing energy aggregator of the GEK TERNA group. Thro...

I. In its recent decision no. 246/2022, the Hellenic Supreme Administrative Court (“HCS”) applied CJEU’s reasoning advanced in Achmea (C-284/16) and PL Holdings (Case C-109/20) to the arbitration clause contained in the concession agreement ratified by law for the building, maintaining and operating of the Athens International Airport “Eleftherios Venizelos”. On this basis, HCS concluded that the agreement of the parties to arbitrate was contrary to articles 267 and 344 TFEU, that, consequently, administrative courts are entitled (and obliged) to try the merits of the dispute de novo without being bound by the findings of the arbitrators in the rendered award. HCS failed to offer elaborate reasons in support of this conclusion which effectively expands the scope of application of...

Our firm assisted in the successful merger and corporate restructuring of United Group’s Greek entities, NOVA/WIND, through the absorption of its subsidiaries. Our firm acted as the external legal counsel of the Group on all aspects of the transaction, including all corporate law matters of the project. Under the instructions - and with the active involvement of - the in-house legal team of NOVA, and more specifically Spiros Papastathopoulos, Head of Legal, and Maria-Sofia Sfika, Legal Advisor, our team was led by Stefanos Charaktiniotis, partner, Danai Falconaki, senior associate and Nadia Axioti, associate, assisted by Elia Bastali, associate.   ...

Just a few months after the initial grid priorities regime was introduced on the basis of the provisions of Law 4951/2022, several amendments were inaugurated by virtue of a Decision of the Minister of Environment and Energy enacted on 20 January 2023 (the New Grid Priority MD). The New Grid Priority MD provides inter alia, for the enhanced capacity for the application of Power Purchase Agreements (the PPAs), incentives to storage projects, and adjustments to the capacity of specific prioritisation categories. The main changes introduced by the New Grid Priority MD, are as follows: It amends the provided capacity for projects falling into prioritisation subcategories A4, A6a, A9 and A10, category B, and subcategories C3, C4 and C6, while modifying the curtailment and the limitatio...