Featured in Catching the sun – 03-2010

Sound business environment

Greece: To the relief of many of those involved, the Greek photovoltaics market finally picked up speed in the second half of last year. But the European Commission has now put the Greek budget under strict control, and this financially weakened country, which now has to cut its new borrowings by 75 percent by 2012. Nonetheless, there is hardly anyone who expects the financial crisis to have a negative effect on the Greek solar industry.

Greece now offers one of the world’s most attractive laws for subsidizing solar energy. As a result, the country’s PV market is developing faster than in previous years. “Up to December 2008, just about twelve megawatts had been installed in Greece. By the end of 2009, the figure was already 50 megawatts. And I expect …

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