Selih & Patrnersji Advised on Grant of a Research Geothermal Concession to SOYAK ENERJİ
October 2025
Our member firm Selih & partnerji has announced that the Government of the Republic of Slovenia has granted a research geothermal concession in the Municipality of Lendava to a company from the SOYAK ENERJİ group.
This is the first concession of this type in Slovenia and is granted by the state on the basis of the Act on the Siting of Facilities for the Production of Electricity from Renewable Energy Sources (ZUNPEOVE). A concession under ZUNPEOVE can be granted through a procedure and under conditions tailored to the specific requirements of projects for the exploitation…
Grid-Forming Technologies and their Emerging Role in Greece’s Energy Transition
September 2025
Gus J. Papamichalopoulos, Senior Partner, and Antonis N. Koumpias, Senior Associate
Kyriakides Georgopoulos Law Firm
1. The Grid Bottleneck
Greece is at a pivotal moment in its energy transition. The country has made remarkable progress in deploying renewable energy sources (RES) in recent years; however, grid infrastructure development and battery energy storage system (BESS) adoption have lagged behind. This mismatch stems from delays in approving new grid projects and in establishing a regulatory framework for BESS licensing.
Since August 2022, regulations have become increasingly…
CBAM Under the Spotlight: The EU’s Carbon Border Adjustment Mechanism
September 2025
Gus J. Papamichalopoulos, Senior Partner, and Iakovos Koulouris, Senior Associate
Kyriakides Georgopoulos Law Firm
I. Introduction
The Carbon Border Adjustment Mechanism (CBAM) has been established by virtue of the Regulation (EU) 2023/956 of the European Parliament and of the Council (hereinafter the "CBAM Regulation") with the primary objective of preventing carbon leakage by addressing greenhouse gas emissions embedded into certain carbon-intensive commodities imported into the customs territory of the European Union (EU) from non-EU countries. The sectors currently falling…
KG Law Firm Advised Sirec Energy S.A. on EUR 600 Million Strategic Project
May 2025
Our member firm Kyriakides Georgopoulos Law Firm advised a private equity firm Sirec Energy S.A., a manager of the European Sustainable Investment Fund - EuSIF, in the joint participation in Larissa Thermoelectric S.A., along with Clavenia Ltd., the Greek gas supplier DEPA Commercial S.A., and energy and telecommunications provider Volton Ελληνική Ενεργειακή, in a landmark EUR 600 million energy project for the construction and development of a natural gas power plant using a combined cycle gas turbine (CCGT) with a net capacity of 792 MW in the Larissa Industrial Area.
KG…
Grid Connection Priority – Deciphering "Absolute Priority" in BESS Integration
March 2025
The Energy, Utilities & Infrastructure practice team of our member firm Kyriakides Georgopoulos Law Firm has recently published "Grid Connection Priority – Deciphering 'Absolute Priority' in BESS Integration".
You may access the publication here.
DTB Represented EBRD in EUR 100 Million Worth Cooperation with ZABA for the Financing of Green Projects
December 2024
Our member firm, Divjak Topic Bahtijarevic & Krka, represented the European Bank for Reconstruction and Development (EBRD) in partnership with Zagrebačka banka (ZABA), the leading bank in Croatia and member of the UniCredit Group, in which it provided ZABA with an uncapped unfunded portfolio guarantee of up to EUR 80 million under the European Union’s InvestEU Programme. ZABA thus became the EBRD’s first partner financial intermediary under the InvestEU programme. This financial instrument is designed to cover a newly generated portfolio of loans, and the total value of…
KALO & ASSOCIATES Advised on a EUR 110 Million Syndicated Loan
October 2024
Our member KALO & ASSOCIATES has advised on a EUR 100 million syndicated loan, led by Raiffeisen Bank Albania, the proceeds of which will be used to strengthen Albania's renewable energy infrastructure through the construction of three new hydropower plants by Ayen As Energji Sha. The loan represents the largest syndicated loan financed by local banks operating in Albania.
KALO & ASSOCIATES's team was led by Aigest Milo, Co-Managing Partner, and also included Partners Olsi Coku and Oltjon Dano, Armando Toslluku, Special Counsel, and Frensis Nakuci, Senior Associate.
Another…
KG Law Firm's Contributed to the 2024 Chambers & Partners Renewable Energy Guide for Greece
October 2024
Our Greek member firm, Kyriakides Georgopoulos Law Firm, contributed to the 2024 Chambers & Partners Renewable Energy Guide for Greece, covering both the Law and Practice and Trends and Developments sections. In this publication, Gus J. Papamichalopoulos, Senior Partner, Senior Associates Antonis N. Koumpias and Iakovos Koulouris, and Melina Kolovetsiou, Associate, provide an in-depth analysis of the legal framework and key developments in Greece’s renewable energy sector.
Learn more about the regulatory and market trends shaping the renewable energy landscape in Greece…
Battery Energy Storage Systems in the Greek Electricity Market
October 2024
Gus Papamichalopoulos, Senior Partner, Konstantinos Varelas, Senior Associate, and Iakovos Kouloris, Senior Associate
Kyriakides Georgopoulos Law Firm
In view of the increasing interest by national and international stakeholders in the developing market of the Battery Energy Storage Systems (hereinafter “BESS”) in Greece, KG Law Firm’s Energy practice breaks down the major elements related to the compensation of BESS projects.
Q: Is the BESS market developed in Greece?
A: In view of the state of the Greek energy landscape (grid congestion, high penetration of PVs), during…
The New Framework for Net Billing in Greece
September 2024
Gus J. Papamichalopoulos, Senior Partner, Antonis Koumpias, Senior Associate, and Melina Kolovetsiou, Associate
Kyriakides Georgopoulos Law Firm
Introduction
The installed capacity of Renewable Energy Sources (hereinafter, "RES"), especially from rooftop solar photovoltaic projects (hereinafter, "PVs"), has seen a rapid increase in recent years, driven by a significant drop in the cost of solar power technology. In addition, electricity price volatility has driven prices on the Day-Ahead Market to peak at up to €900/MWh, also impacting retail prices. This volatility, driven…
The AI Surge: Balancing Energy Demand with Energy Innovation
June 2024
Gus J. Papamichalopoulos, Senior Partner, Antonis N. Koumpias, Senior Associate, and Petros Fotakis, Junior Associate
Kyriakides Georgopoulos Law Firm
As the world witnesses a rapid expansion in artificial intelligence (AI) applications, the energy sector is poised to undergo significant transformations. The integration of AI into various products and services will intensify energy demand, a trend that is expected to persist and grow, while AI offers opportunities for optimizing various aspects of the energy industry.
Lately, we have seen the first attempts to regulate the entry…
KG Law Firm Advises Starvert Energy on the Development of its Greek Pipeline of Large-Scale PV Projects Combined with Battery Storage
May 2024
Kyriakides Georgopoulos Law Firm’s Energy & Infrastructure team has announced that it is acting for STARVERT Energy for the development of their Greek portfolio of photovoltaic parks combined with battery storage. Starvert’s Greek portfolio includes two projects of 300 MW each, located in Farsala, Thessaly, and Fokis, Central Greece. Recently, STARVERT Energy expanded its portfolio to a total of 900 MW, with the addition of two more PV parks, 125 MW and 175 MW, situated in Erythres, Attica, and Boeotia. The company aims to further develop its Greek assets in the near future.
KG…
