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Greece
The applicable legislation establishing a national screening mechanism for foreign direct investments (FDI) and implementing Regulation (EU) 2019/452 in Greece is Law 5202/2025, which was adopted on 22 May 2025 (Greek FDI Law).
Italy | Publication | May 2025
Potential bidders will be interested to know that the auction procedure for the Mercato a termine degli stoccaggi (“MACSE”) is about to commence.
The MACSE regulation encompasses a comprehensive framework aimed at allowing BESS operators to enter long-term fixed price capacity contracts for storage capacity. This mechanism is designed to ensure fair competition, transparency, and optimal resource allocation within the market.
On 7 March 2025, Terna published the timeline for the first auction procedure. Interested bidders must submit their applications between 13 May 2025 and 3 June 2025, and by 17 July 2025, they will be informed whether their plant has been qualified. By 21 August 2025, they must submit a pre-auction guarantee, and by 26 August 2025, they must submit declarations attesting to the meeting of the requirements to participate in the MACSE auction procedure.
Bidders need to carefully evaluate the risk and potential return of their investment. Capacity Market auctions provide long-term contracts with relatively stable prices, ensuring security and predictability. On the other hand, MACSE might yield higher returns because of the increasing demand for energy storage and the particular incentives for cutting-edge technologies.
To provide comprehensive support and insights to help you navigate the MACSE regulation effectively, we have prepared a manual outlining specific guidelines, including a description of the regulatory framework, practical tips for the first auction procedure, and possible forecasts based on a few case studies.
Please reach out to our team to get additional information regarding the MACSE guidelines we have prepared.
Publication
The applicable legislation establishing a national screening mechanism for foreign direct investments (FDI) and implementing Regulation (EU) 2019/452 in Greece is Law 5202/2025, which was adopted on 22 May 2025 (Greek FDI Law).
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The UK Government’s Department for Transport (the DfT) has published its Maritime Decarbonisation Strategy, setting out its plan for decarbonising maritime and new decarbonisation goals for the UK domestic maritime sector.
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On 29 May 2025, in Finlayson v Caterpillar Financial Services Corp [2025] UKPC 24 (The Bahamas), the Judicial Committee of the Privy Council of the United Kingdom (the Privy Council) heard the appeal of Mr Garet O Finlayson and Mr Mark Finlayson (the Appellants) following the Supreme Court of the Bahamas and the Court of Appeal of the Bahamas finding in favour of the respondent, Caterpillar Financial Services Corporation (the Respondent).
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