The Greek government has approved four investments in new wind and solar farm projects.
With a total capacity of 2.8 GW, these projects are part of the country’s economic recovery.
Substantial investment to promote wind and solar farms
More than 2 billion euros have just been earmarked for four investment projects in renewable energy plants.
888 million euros will be invested in solar parks in 12 regions of Greece, for a total of 1.5 GW.
421.6 million euros will be invested in 37 photovoltaic plants with a total capacity of 830 MW, in Larissa, Magnesia and Kilkis.
The remainder of the investment will go towards the development of a 360 MW offshore wind project.
But also to a 120.3 MW onshore wind project in Xanthi and Rodopi.
Wind and solar farms are essential to Greece’s ecological transition.
An ambitious solar energy target
The Public Power Corporation, a Greek state-owned company, has been tasked with developing the solar parks.
As part of a wider €5 billion roadmap, it is to support the country’s move away from coal by 2028.
The company is aiming for 1.4 GW of installed photovoltaic solar capacity by 2024.
A way out of the economic crisis linked to the health crisis
The political enthusiasm for wind and solar farms in Greece is accentuated by the health crisis.
Greece sees it as a way out of the economic crisis.
The financing has been given the green light by the entire government and political players in the sector.
For the Deputy Minister of Development and Investment, Nikos Papathanasis, investment in solar projects was “imperative” for job creation and the rebound from the global pandemic.
One action sums up all of Greece’s motivations: that of the Ministry of the Environment and Energy.
It sought to shorten the lengthy licensing process for renewable energy projects.
In so doing, it has sought to free up gigawatts of installations facing waiting times of up to eight years.
Proof positive of the Greek government’s efforts to accelerate the energy transition.
