{"id":5523,"date":"2011-10-10T10:27:11","date_gmt":"2011-10-10T14:27:11","guid":{"rendered":"http:\/\/www.energyrefuge.com\/blog\/?p=5523"},"modified":"2017-09-05T17:46:37","modified_gmt":"2017-09-05T21:46:37","slug":"greece-looks-to-solar-power-to-boost-economy","status":"publish","type":"post","link":"https:\/\/www.energyrefuge.com\/blog\/greece-looks-to-solar-power-to-boost-economy\/","title":{"rendered":"Greece Looks To Solar Power To Boost Economy"},"content":{"rendered":"

\"\"<\/a>
Photo: NASA Goddard\/Flickr <\/figcaption><\/figure>Anyone vaguely interested in international news is probably aware of Greece\u00e2\u20ac\u2122s economic crisis. But despite that, or perhaps because of that, the country\u00e2\u20ac\u2122s Energy Minister has big plans for solar power.
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\nAccording to a report on Bloomberg<\/a>, Minister George Papaconstantinou said he expects that an agreement for a US$27bn solar power project will be finalized by the end of the year. The hope is to avert the possibility of a 5 per cent economic shrink in 2011, which will happen if government needs to default on its bonds.<\/p>\n

The project in question is called Helios and it would see the installation of 10 GW worth of solar panels in the country. The country hopes to increase the share of alternative energy<\/a> in its mix from the current 7 per cent to 18 per cent, including the introduction of feed-in tariffs.<\/p>\n

Most of the funding will come from the EU, although the solar industry will be able to contribute 5 per cent of the total sum needed, said Solarworld CEO Frank Asbeck.<\/p>\n

Bloomberg expects Greece may add 600 MW of solar capacity this year, or four times more than in 2010.<\/p>\n

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    Anyone vaguely interested in international news is probably aware of Greece\u00e2\u20ac\u2122s economic crisis. But despite that, or perhaps because of that, the country\u00e2\u20ac\u2122s Energy Minister has big plans for solar power. Related Posts:No Related Posts Found! Go find some…<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[211,33],"tags":[1117,1714,1116,621,1115],"class_list":["post-5523","post","type-post","status-publish","format-standard","hentry","category-politics","category-solar-power","tag-big-solar-farms","tag-eu","tag-project-helios","tag-solar-industry","tag-solar-power-greece"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t