Last update: 23 August 2022
Buildings in the content of the Plan (extracted from the REC/E3G Greek Country Profile)
Greece has requested a total of €30.5bn in support under the Recovery and Resilience Facility including €17.8 bn in grants and €12.7bn in loans. Energy renovation of buildings features throughout the Plan both as an individual sub-component as well as part of wider investment across the public sector, with total funding amounting to €4.1bn. Notably, nearly €1.3bn are earmarked for investing in energy savings in homes, with a further €350m allocated to adaptation and further energy efficiency as part of regeneration plans. A separate Loan Facility will provide close to €1.4bn for energy efficiency and demonstration projects in SMEs or large enterprises alongside €450m in the form of grants. Funding is also provided in specific industries like tourism (€119m) and education and vocational training (€108m), bringing the total for business/commercial sector to just over €2bn. €200m is dedicated to public sector buildings and energy infrastructure of public entities. Further funding is allocated for energy renovation of health infrastructure (€189m) and the justice system (€27m). Energy efficiency of buildings features as part of other modernisation programmes, but precise allocations are unclear. Some funding is in place for new buildings as well and for some reforms like a review urban planning practices. They have not been included in the chart below.
Read the full Greek Country Profile here.
Disbursements’ timeline
- 2021-08-09: The European Commission disbursed €4 billion in pre-financing to Greece (13% of its financial allocation under the RRF, fully consisting of grants). It is split between EUR 2.310.092.538 in grants and EUR 1.654.580.060 in loans.
- 2021-12-21: Greece and the European Commission sign the Operational Arrangements.
- 2021-12-29: Greece submitted the first payment request of €3.6 billion (net of pre-financing). This first payment request relates to 15 milestones covering several reforms.
- 2022-02-28: The Commission published a positive preliminary assessment of the satisfactory fulfilment of all 15 milestones and targets in relation to the first payment request.
- 2022-04-08: The Commission disbursed the first payment of €3.6 billion to Greece.
Indicative timeline for future payment requests (based on the signed operational arrangements)
Grants
| Payment Request for the First Instalment | EUR 1.974.438.067 | Q4 2021 |
| Payment Request for the Second Instalment | EUR 1.974.438.067 | Q2 2022 |
| Payment Request for the Third Instalment | EUR 1.974.438.067 | Q4 2022 |
| Payment Request for the Fourth Instalment | EUR 1.974.438.067 | Q2 2023 |
| Payment Request for the Fifth Instalment | EUR 1.974.438.067 | Q4 2023 |
| Payment Request for the Sixth Instalment | EUR 1.974.438.067 | Q2 2024 |
| Payment Request for the Seventh Instalment | EUR 1.974.438.067 | Q4 2024 |
| Payment Request for the Eight Instalment | EUR 1.974.438.067 | Q2 2025 |
| Payment Request for the Ninth Instalment | EUR 1.974.438.067 | Q4 2025 |
Loans
| Payment Request for the First Instalment | EUR 2.121.256.487 | Q4 2021 |
| Payment Request for the Second Instalment | EUR 2.121.256.487 | Q4 2022 |
| Payment Request for the Third Instalment | EUR 2.121.256.487 | Q4 2023 |
| Payment Request for the Fourth Instalment | EUR 2.121.256.487 | Q4 2024 |
| Payment Request for the Fifth Instalment | EUR 2.121.256.487 | Q4 2025 |
| Payment Request for the Sixth Instalment | EUR 2.121.256.485 | Q2 2026 |
Table of buildings' measures (categorised under their specific instalments)
The renovation-related targets and milestones expected by Q3 2022 are:
| Number of Milestones | Name of Milestone | Value of whole measure | Indicator | Progress & Comments |
| Milestone 1.1 | Energy renovation on residential buildings
C1.2 16872 |
€1253 million | Entry into force of a Joint Ministerial Decision – Launch of first round of residential renovation scheme | Completed
(funding request linked to instalment 1) |
| Milestone 1.2 | Energy renovation on residential buildings
C1.2 16872 |
Launch of second round renovations and launch of programme for energy poor households | Unclear
(Linked to instalment 2) |
|
| Milestone 2 | Energy poverty action plan (C1.2 16920) | Entry into force of a Joint Ministerial Decision | Completed
(funding request linked to instalment 1) |
|
| Milestone 3 | Improve the efficiency of the justice system – 16292_New Judicial Buildings | €96 million | New judicial buildings and renovations: List of eligible buildings – Completion of list | Completed
(funding request linked to instalment 1) |
| Milestone 5 | Tourism Development (C4.6 16931) | €119 million | New legislation to reform legal framework for investment in tourist ports and ski resorts | Unclear
(Linked to instalment 2) |
| Milestone 4.1 | Improve competitiveness and promote private investments and exports – 16980_RRP Loan Facility (4.7 16980) | €1398 million | RRP loan – operational agreements with International Financial Institution signed | Completed
(funding request linked to instalment 1) |
| Milestone 4.1 | Improve competitiveness and promote private investments and exports – 16980_RRP Loan Facility (4.7 16980) | RRP loan – Launch of commercial banks call | Completed
(funding request linked to instalment 1) |
All information has been extracted from the Study: “E3G. (2021). Renovate2Recover: How transformational are the National Recovery Plans for Buildings Renovation?” and the European Commission’s Recovery and Resilience Scoreboard.