The World's #1 Renewable Energy Network for News, Information, and Companies.
Untitled Document

Germany-Greece in Talks Over Massive Solar Project

Greece is looking to the sun for a plan that will help it emerge from its deep economic troubles, and solar giant and EU powerhouse Germany may be the beneficiary.

According to a report Saturday in Greek daily newspaper Ta Nea, a $29 billion project (€20 billion) could create as many as 60,000 positions in jobs-starved Greece by harvesting its abundant sunshine and shipping it to Germany, which has committed itself to moving rapidly away from nuclear power following Japan’s earthquake and nuclear crisis.

According to the newspaper, Greece’s Environment Minister George Papaconstantinou and Germany's Deputy Economy Minister Stefan Kapferer discussed the plan, named Project Helios, during talks in Athens last week.

The International Herald Tribune said the project aims to reach 10 GW of capacity, which would rival it with the 10.2 GW produced by Public Power Corporation, Greece's main electricity company. The project, the site said, would require 200 square kilometers of public land.

Despite a national feed-in-tariff, solar installations have been slow to develop in Greece, as the nation continues to battle debt and uncertainty. However, in January, Greece announced plans to build a 200 MW photovoltaic solar park expected to cost $807 million over spent lignite mines in Kozani, a city in northern Greece located south of the border with the Republic of Macedonia.

According to an EPIA 2010 report, Greece had 206 MW of grid-connected PV by the end of last year. The government has set a target of 2.2 GW installed capacity by 2020, including all solar technologies, with an intermediate target of 1.27 GW by 2015. Germany, meanwhile, connected 7.4 GW of photovoltaics in 2010 and had more than 17 GW cumulative by the end of the year. The country also has a national target of 51 GW for 2020.  

The Greece-Germany project is seen as a way to reinvigorate the Greek economy through a new industry while helping Germany prepare for its energy future. In August, figures from national statistics agency Elstat showed a sharp rise in unemployment in Greece as 16.6 percent of the population is out of work, up from 15.8 percent a month earlier. The biggest concern, however, was in the year-to-year rise, which saw the figure jump from 12 percent last August.

Untitled Document

Get All the Renewable Energy World News Delivered to Your Inbox - FREE!

Subscribe to Renewable Energy World Magazine and our award-winning e-Newsletter to stay up to date on current news and industry trends.

 Subscribe Now


US Senate Democrats Unveil Energy Bill That Restores PTC and Extends ITC

Brian Eckhouse, Bloomberg Senate Democrats unveiled a bill that would provide more tax credits for renewable energy while killing some tax ince...

US, China Solar PV Players Team Up, Invest $100MM in Chile, Uruguay and Japan

Andrew Burger Private equity infrastructure specialist Hudson Clean Energy Partners and Hong Kong-based independent power producer ...

CEO Gilles: Challenge in Geothermal is to 'Level Playing Field' with Wind, Solar

Jennifer Delony The current challenge for the geothermal energy industry is what U.S. Geothermal CEO Dennis Gilles calls “leveling th...

NRG Energy to Form Renewable Unit, Sell Wind Assets to Yieldco

Mark Chediak and Matthew Monks, Bloomberg NRG Energy Inc., the worst-performing member of the S&P 500 Utilities Index this year, said it will form a renewa...


Canadian Solar Signs Agreement with Mashiki Town and Kumamoto Prefecture to Build 47 MW Solar Plant in Japan

Canadian Solar Signs Agreement for 47 MW Solar Plant

NC State University Installs Student-Funded Spotlight Solar Structure to Drive Awareness and Adoption of Clean Energy

North Carolina State University (NC State) will today showcase its commitment to clean ...

$100 Discount on 5-day Advanced PV Project Experience Workshop

Upcoming 5-day Workshops: Nov. 7 - 11 Feb. 6 - 10

NEC Energy Partners with Eos Energy Storage to Bring Revolutionary Energy Storage Product to Market

NEC Energy Solutions (“NEC ES”), a subsidiary of NEC Corporation, announced today that ...


Beyond Utility 2.0: Part 4 “Next Steps”

Principles, Structure, and Policies of Energy Democracy Energy democracy can best be described as an electricity sy...

30 Minutes Off

Smartphones have become one of the most valuable tools in the business world. They give us access to our email, conta...

Weather watching

GCube, the renewable energy sector insurance underwriter, has launched a new Weather Risk Transfer mechanism to provi...

How to Save on Your Next Power Bill

  Your rooftop solar is going to generate less electricity over the winter months. Your hot water and he...


Renewable Energy World's network editors help deliver the most comprehensive news coverage of the renewable energy industries. Based in the U.S. and the UK, the team is comprised of editors from Pennwell Corporation's myriad of publications that ...


Volume 18, Issue 4


To register for our free
e-Newsletters, subscribe today:


Tweet the Editors! @jennrunyon



Successfully Integrating Solar: A Proactive Approach

•      What does the increasing solar penetrati...

Canadian Solar Inverters Webinar

Canadian Solar is proud to be hosting two free webinars in October! The ...

JuiceBox Energy Certified Installer Class

JuiceBox Energy is rapidly building out its national certified installer...


How To Speak, How To Listen

As sales professionals, effective communication is paramount to our succ...

Get In The Habit

We all develop habits throughout our lives. Sometimes they’re bene...

Becoming An Efficiency Sales Professional

In order to become a sales professional, you must first realize that: E...


Renewable Energy: Subscribe Now

Solar Energy: Subscribe Now

Wind Energy: Subscribe Now

Geothermal Energy: Subscribe Now

Bioenergy: Subscribe Now