Solar growing in Greece

Sun Supermarket – The Greek solar PV market is ready for take-off, following Spain and Italy as the next interesting Mediterranean top spot. Greece is set to become one of the global top ten biggest PV markets in 2010. Even the problems of bureaucracy seem to have been resolved. This optimism is driven by the generous feed-in tariff in combination with a sunny climate. In addition to the attractive feed-in tariffs, state subsidies of up to 40% are available for most commercial applications. The return on investment will be in the range of 15-30%. Smooth and relatively healthy and steady market growth is foreseen. Residential roof-top PV systems below 10 kWp will become an important market segment, with a feed-in tariff of €0.55/kWh guaranteed for 25 years. These are some of the conclusions of a report Solarplaza recently published. 


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