Approval for the 20 projects, ranging between one to four megawatts (MW) is close to finalisation. A total output of 32 MW is expected from the projects. Product licenses are already in the hands of the company and the last permits are being processed. Conergy will commence development as general contractor for the parks in Greece at the beginning of the second quarter in 2011 at the latest. Construction is expected to last 18 months, thereafter the company will connect to the public grid.
The Greek government is providing attractive incentives: depending on plant size, investors receive 0.45 to 0.50 per kWh for their solar plants. The Greek government aims to reach a renewable energy share of 18 percent by 2020, with a 40-fold increase solar output by 2030.
This is a milestone for Conergy Greece to date according to the company. Using its Conergy system technology, the company is emerging into the Greek photovoltaics market.
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