Greece adds 300 MW of PV capacity in January

Share

LAGIE, the Greek operator of the electricity market, published Greece's latest photovoltaic statistics yesterday. The operator found that the country installed an impressive 300 MW of photovoltaics in the first month of 2013.

Specifically, 282 MW of ground mounted photovoltaic projects and 18 MW of rooftop installations were added. In 2012, Greece added 890 MW of new photovoltaic capacity.

January's photovoltaic installations have by far surpassed LAGIE's past projections. Indeed, according to a report published by the operator last month, just 121 MW of new ground mounted photovoltaic installations were expected.

The rush has come on the back of the announcement of new, lower photovoltaic tariffs, which will be introduced on March 11. Indeed, projects completed later than this date will receive the new FITs introduced last August, even if they were licensed under the old FIT regime.

The high installation rates are forecast to continue at least until the March deadline.

Future projections upgraded

Yesterday's report provides new projections for both future photovoltaic installations and the deficit of LAGIE's Renewable Energy Sources (RES) Fund, which is used to pay renewable energy producers in Greece.

Cumulative photovoltaic capacity in the main electricity system, LAGIE's report says, will reach 2.58 GW and 2.82 GW at the end of 2013 and 2014, respectively. Current cumulative photovoltaic capacity is 1.72 GW.

The RES Fund deficit, meanwhile, is expected to balloon from €313.6 million at the end of January, to €670 million by the end of this year, and €1.32 billion by the end of 2014. The deficit at the end of 2014 is now almost €400 million higher than LAGIE projected a month ago.

It seems likely that new data published yesterday are expected to add to the arguments in favor of more retroactive photovoltaic cuts.

Edited by Becky Beetz.

This content is protected by copyright and may not be reused. If you want to cooperate with us and would like to reuse some of our content, please contact: editors@pv-magazine.com.

Popular content

Switzerland authorizes removable PV plant on railway track

04 October 2024 Swiss startup Sun-ways is planning to build a 18 kW pilot PV system between the racks of a 100-m linear section of a railway line in the Swiss canton...

Share

Leave a Reply

Please be mindful of our community standards.

Your email address will not be published. Required fields are marked *

By submitting this form you agree to pv magazine using your data for the purposes of publishing your comment.

Your personal data will only be disclosed or otherwise transmitted to third parties for the purposes of spam filtering or if this is necessary for technical maintenance of the website. Any other transfer to third parties will not take place unless this is justified on the basis of applicable data protection regulations or if pv magazine is legally obliged to do so.

You may revoke this consent at any time with effect for the future, in which case your personal data will be deleted immediately. Otherwise, your data will be deleted if pv magazine has processed your request or the purpose of data storage is fulfilled.

Further information on data privacy can be found in our Data Protection Policy.