BMI View: As per our expectations, the government has proposed a 45% to 35% reduction in the feed-intariffs (FiTs) for solar PVs. This is part of the wider ‘new deal’ legal framework that the Ministry of Energy and Climate Change has submitted for consultation and which seeks to streamline, rationalised and balance the renewable market in Greece. The immediate objective is to eliminate the deficit of the operator of the electricity market, LAGIE. We maintain our forecasts for wind, and expect an increase from 2015 onwards, though the capacity that has already flooded the Greek market should discourage a renewed …
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