The Greek PV market: ready for take off
The Greeks are ambitious when it comes to PV energy. Their goal is to have installed at least 700 MWp by 2020, so, with currently a total installed power of 6 MWp, the market will have to grow with more than 40% a year to achieve this. Recently, new legislation came into force and combined with interesting investment incentives, the Greek market is definitely the place to be.
By Edwin Koot, SolarPlaza
The Greek PV market: ready for take off
Rotterdam, January 23, 2007 – The Greeks are ambitious when it comes
to PV energy. Their goal is to have installed at least 700 MWp by 2020,
so, with currently a total installed power of 6 MWp, the market will
have to grow with more than 40% a year to achieve this. Recently, new
legislation came into force and combined with interesting investment
incentives, the Greek market is definitely the place to be.
To
provide a roadmap for entering this market, SolarPlaza wrote a market
survey about the legal system, the procedures and investment
opportunities, entitled “
The Greek Feed-in-Tariff and Grants explained
”. It will show that, when the right choices are made, major benefits can be gained from investing in the Greek PV market.
In
June 2006 a new Feed-in tariff system was launched by the Greek
government, guarantying €0.40 to €0.50 per kWh for the next 20 years.
Accompanied by a relaxation of the licencing procedure and the
possibility for combination of these benefits with investment grants
and subsidies between 30 to 55%, the payback time of PV investment
becomes very interesting in this sunny country. Calculations show that
an even better return on investment than in Spain is possible in
certain market segments.
SolarPlaza predicts that the market will
grow faster every year. At the moment the infrastructure for the
industry is not yet optimal, but once it is in place and working, the
growth of the market could be enormous. To benefit from this growth, it
is of great importance to know the best way through the bureaucracy and
permit legislation of the Greek government and institutions.
“The
Greek Feed-in-Tariff and Grants explained”, includes the steps to be
taken in order to develop larger PV projects. In this 40-page
easy-to-read market survey, you can find the facts related to the new
Feed-in tariff system and detailed step-by-step plans of the licencing
procedures. For example, for projects larger than 150 kWp, several
licenses, permits and agreements are required, with procedures taking
at least 225 days.
Following this report and the success of the
trade missions to Spain and China, SolarPlaza will be organising the
international “PV business Tour Greece and Italy” from 4-9 March 2007.
SolarPlaza.com
is the global PV marketplace for trade and information. SolarPlaza
offers a range of matchmaking and information services to empower the
PV business for all players involved in the PV supply chain. “
The Greek Feed-in-Tariff and Grants explained
” (€ 149 with discounts for members) is the latest of the SolarPlaza reports on emerging PV markets. More information and an
order form
can be found at www.solarplaza.com
Contact: Edwin Koot, Director, SolarPlaza, +31 10 280 9198 or e.koot@solarplaza.com
Order form “ The Greek Feed-in-Tariff and Grants explained ”
