Dampened support for Greek Project Helios


At the High Level Energy Conference in Athens, prime minister Lucas Papademos stated, "We do not want an isolated Greece," stressing Greece's potential to become the renewable energy hub in Europe and the government's priority in developing renewables.

Becker, however, does not consider the opening of Germany's EEG an option in supporting Greece's endeavour. He sees the EEG as a tool for successful further expansion of renewables in Germany itself. Greece's Project Helios stands central in this discussion. Public land is available for investors to develop solar parks and increase Greek photovoltaic power production from 206 megawatts in 2006 to 2.2 gigawatts by 2020.

Currently, despite the higher levels of solar radiation in Greece, the country's generated solar power is still more expensive than German-generated photovoltaic power. Becker foresees that this will place the burden on consumers should photovoltaic power from Greece be sold in Germany. Therefore, he sees support for the Greek solar development coming in other forms. Helios will thus have to try to export solar power to other European member states.

Greece seeks to reignite its clean energy sector amidst the economic turmoils it is currently facing. Foreign investment is welcomed and the country seeks to cut down as much red-tape as possible for investors.

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