Supply Chain and Logistics management Consulting
6 February 2013
Geothermal energy
6 February 2013Solar Energy
Solar Energy
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 | ||
| >100kW | <=100kW | >100kW | <=100kW | |
| 2010 February | 400,00 | 450,00 | 450,00 | 500,00 |
| 2010 August | 392,04 | 441,05 | 441,05 | 490,05 |
| 2011 February | 372,83 | 419,43 | 419,43 | 466,03 |
| 2011 August | 351,01 | 394,88 | 394,88 | 438,76 |
| 2012 February | 333,81 | 375,53 | 375,53 | 417,26 |
| 2012 August | 314,27 | 353,56 | 353,56 | 392,84 |
| 2013 February | 298,87 | 336,23 | 336,23 | 373,59 |
| 2013 August | 281,38 | 316,55 | 316,55 | 351,72 |
| 2014 February | 268,94 | 302,56 | 302,56 | 336,18 |
| 2014 August | 260,97 | 293,59 | 293,59 | 326,22 |
| 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
