Greece: Phoenix Solar lands 2 MW PV park contract

The Douneika Solar Park is located in central Greece, near Nafpaktos. Construction work on the six acre site has already begun. It is anticipated that the project, which will use crystalline solar modules, will yield 2.9 million kilowatt hours of energy annually.

The project was developed by Douneika – a group of Greek investors – with the assistance of Athens-based Phoenix Solar E.P.E., and is financed by a Greek bank.

“The solar market in Greece will come to around 110 MWs in 2010, with the majority of the capacity in medium size systems,” stated Christos Protogeropoulos, general manager of Phoenix Solar E.P.E.

“In 2011, we estimate that the Greek solar market will grow to a volume of some 200 MWs. Our intention is to contribute to boosting this growth in the years ahead. To this end, we will be drawing on our project pipeline with solar projects in the double-digit megawatt range. The legal framework conditions here in Greece are stable and, in the meantime, German as well as Greek banks have financed photovoltaic projects in Greece.” ?