GSHP market development in Greece Action Plan - geo.power

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I. ObjectivesA financial support mechanism for private investments already established for years wasthe 1st Investment Law 2601/1998 which replaced by the Law 3299/2004 “Incentives forprivate investments for economic development and regional convergence” and itsamendment 3522/2006 expired in February, 2010. All the past Investment Laws provisionsconcerned either capital investment subsidies or tax rebates while it should be stressed thatthe use of heating and cooling systems was only supported by a set of financial instruments.Even now there is no regulatory support scheme (referring to targets or obligations) for theuse of such systems.This action foreseen 40% subsidy of the installation cost for the installation of new GSHPsystems in the building sector (residential, public buildings, tourism and agriculturalgreenhouses). Throughout this action the target is to give priority in 100% subsidy of GHE,HEX, submarine pumps of Greek origin.Figure 1.Estimated contribution of the different RES technologies for heating andcooling to 2020 (source: NREAP)According to the National Renewable Energy Plan (NREAP) for Greece, the expectedenergy produced from renewable sources corresponds to the 2020 target is 4.341 ktoe. In9
order to meet the RES Heat and Cooling target the contribution of different technologies ispresented in Figure 1, which leads to a final share of 20% RES in heating and cooling. Theestimated contribution of RES different technologies for heating and cooling according toNREAP is: Heat Pumps: 15,5% Geothermal: 2,6% Solar thermal: 18,7% Biomass: 63,2%The major increase in this period comes from the enhanced use of heat pump systems,which by 2020 rival the contribution of solar thermal systems, a technology widely used inGreece with substantial local industrial base (Table 1).ktoe 2013 2014 2015 2016 2017 2018 2019 2020RES from Heat Pumps 60 81 127 161 181 199 206 279- of which aerothermal 49 66 104 132 149 163 169 229- of which GSHP 1 6,6 9,9 14,6 20,6 27,9 35,3 42,7 50,0Table 1.Estimation of total contribution (final energy consumption 2 ) expected from HeatPumps technology in Greece to meet the binding 2020 targets and the indicativeinterim trajectory for the shares of energy from heat pumps in heating andcooling 2013 - 2020 (source: NREAP)From the table above, the individual contribution of Ground Source Heat Pumps (GSHPs)that must be installed up to 2020 meets the target of 50 ktoe corresponding to GSHPsinstalled capacity 265 MW (2020) in order to meet the EU target of 20-20-20. The totalcapacity of GSHP systems includes every possible configuration in an allocation figure of45% closed, 40% open and 15% horizontal systems.In order to get to the target of 265 MW of GSHP installed capacity in 2020 from thepresent (2012) capacity of 24,2 MW and 2,3 MW annual sales, we propose to take themeasures presented in the next chapters, and use the EU structural funds for Greece inorder to cover the necessary costs. These measures, which constitute the Geo.Power actionplan.1 calculated based on the Geo.Power action plan presented in this document.2 Direct use and district heat as defined in Article 5(4) of Directive 2009/28/EC.10
Page 2 and 3: GSHP market development in GreeceAc
Page 4: Table of ContentsIntroduction .....
Page 8 and 9: etween local authorities and public
Page 12 and 13: II.MeasuresAction 1: Financial Ince
Page 14 and 15: new solid investment framework whic
Page 16 and 17: Sub-action 1d): Job creation potent
Page 18 and 19: Sub-Action 1e): VAT return to GSHP
Page 20 and 21: To provide the main standards of an
Page 22 and 23: Advertisements in press (e.g. newsp
Page 24 and 25: estrictive, holders, etc.) of a GSH
Page 26 and 27: IV.Funding resources and financing
Page 28 and 29: years) is approximately calculated

GSHP market development in Greece Action Plan - geo.power

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