One of the core components of Greece’s energy profile will be solar, or photovoltaic, energy. Greece has a superb sun radiation capacity and it is estimated that one third of Greece’s energy requirements could be met with solar.
Experts believe that the market will grow impressively and have a value of more than 4 billion Euro in just a few years.
Greece is encouraging the development of solar thermal energy and a number of small- and mid-size companies have invested in this sector. As a result, today’s capacity in installed PVs has reached 42MW and is expected to reach 800 MW by 2020.
The largest of these companies install between 20-250 kWp per year while the total annual addition during the last 3-4 years has been on the order of 900kWp.
Advantages of Investing in Solar Energy:
- Superb solar resources—among the best in Europe.
- Priority dispatch by the system operator.
- High feed in tariffs.
- 20-year PPA (power purchase agreement).
- Favourable, long-term legislative framework, ensuring investment reliability.
|Year-month/ Euros/MWh||Interconnected System||Non-Interconnected Islands|
|From 2015 and after, for each year (v)||1,3 *mts(v-1)1,4*mts(v-1)||1,4*mts(v-1)1,5*mts(v-1)|
mts(ν-1): marginal tariffsystem the previous year ν-1
Energy Policy Resources