Greece: Solar Energy Jumps by 300 MW in January

Greece: Solar Energy Jumps by 300 MW in January
by Harry Aposporis
Πεμ, 7 Μαρτίου 2013 - 18:19
Solar installations in Greece jumped by 300 MW in January, as investors hurried to conclude their projects before the end of the month, when the 18 month period provided by the government to lock the previous, higher feed in tariff would end.

Solar installations in Greece jumped by 300 MW in January, as investors hurried to conclude their projects before the end of the month, when the 18 month period provided by the government to lock the previous, higher feed in tariff would end.

More specifically, the exact amount was 297 MW, while in Germany , only 275 MW were installed during the same month. While this may seem like good news for the development of renewable energy in Greece , the government and the market operator, LAGIE, are worried about the ever increasing cost of photovoltaics and are planning new measures to compensate.

Right now, the deficit of the special renewables account stands at around 310 million euros and according to LAGIE’s projections, it is going to climb this year and the next to reach 1,3 billion euros by the end of 2014 if the government doesn’t take new measures.

As for the near future, Greek solar associations expect a new spike in installations until March 11.

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