Feb 9 2010
Research and Markets has released a new market report titled “The Greek PV Market Report.”
In the Mediterranean, the solar PV market in Greece, Spain, and Italy is set to significantly increase in the coming years. In 2010, the solar PV market in Greece is expected to become the one of the ten largest PV markets in the world. Key drivers for this anticipated growth in Greece include favorable feed-in-tariff and sunny climate.
With generous feed-in-tariff and state subsidies for most commercial applications up to 40%, the return on investment is expected to be from 15% to 30%. In the residential sector, the rooftop installations under 10 kWp will be an import segment in the solar market. The feed-in-tariff for rooftop installations is 0.55/kWh, which is guaranteed for 25 years.
More than 8,000 applications have been filed by potential investors over the past two years for commercial PV systems with a total capacity of 3.7 GWp. The solar market in Greece is anticipated to exceed 100 MWp per annum during the next two to three years. Since the electricity prices are low in Greece, grid parity is not anticipated to be reached before 2014-2018.
The solar market in Greece is humming with activity and growing rapidly. Major international and hundreds of local PV companies are active in the country. The launch of solar rooftop PV program in the country in June 2009 has garnered support for the solar PV systems among the media and public.
This report published by Solarplaza and Stelios Psomas provides in-depth analysis of government regulation, procedures including current market status and forecasts. This study provides all the information required for companies that are interested in the solar market in Greece.
Source: http://www.researchandmarkets.com