Beyond COVID-19: Crisis response or road to recovery?
Crisis response or road to recovery?
On March 30, 2020 (effective date), following a motion of the Ministerial Council, the President of the Hellenic Republic adopted a Legislative Act allowing for further urgent measures to cope with the COVID-19 pandemic. Article 55 (para 3) provides for the extension of regulatory deadlines relating to the licensing and development of renewables in Greece, including:
A. A six-month extension for:
B. A four-month extension for:
C. A two-month extension of deadlines for accepting final grid connection offers from the competent grid operator and the requirement to submit bank letters of guarantee to the grid operator between the effective date of the Legislative Act (i.e. March 30, 2020) and June 30, 2020.
Undoubtedly, the Greek Government has so far responded in a proactive, timely and effective manner to the COVID-19 pandemic, which has already had a huge impact on the global economy, business and life in general. It is evident that the Government is committed to dealing with the situation in an appropriate manner and therefore further intervention in the energy sector, and for renewables in particular, cannot be excluded.
Businesses operating in the food and agribusiness sector need access to the latest changes and developments from a legal team who have extensive experience focusing on the whole of the food and agribusiness value chain, advising clients worldwide on all aspects of their operations, including domestic and foreign investment acquisitions, initial public offerings, joint ventures, scientific cooperation agreements, international trade, land matters and technology licensing.