Solar for Greece is in the Sun

solar energy image
By Dr. Tyra Oldham, March 21, 2013

Greece is braced for change and the economy supporting Cypriot Banks. Greece is also backing solar to support its grid. The story “What’s Behind the Sudden Solar Surge in Greece?” is a story of energy proactivity. Forbes points the good news as the search to increase capacity.

“First, the good news. During the month of January, Greece reported solar installations equal to one-third of what the country was able to achieve for all of 2012. According to LAGIE, Greece’s power grid operator, the country added 300 MW of Solar PV during the first month of the year, amounting to about 30 percent of the 890 MW installed over the last calendar year. Bringing the country’s PV capacity to 1.72 GW, the January number was also double what LAGIE projected for the month, putting it on track to reach an projected 2.58 GW by the end of 2013 and 2.82 by the end of 2014. Slowing a bit in February, Greece reported 121 MW for the month.”

“While the surge in installation has some suggesting a solar paved path to recovery and a sign of renewed confidence among foreign investors, there is a bit more to the story suggesting a race to reap the benefits before they’re gone. Specifically, this has to do with a planned rollback in state support to help the government chip away at the Renewable Energy Sources (RES) Fund deficit, which is expected to grow to 473 million euros by the end of this year and 905 million euros by the end of 2014. This fund is reserved for supporting renewable energy producers in Greece. Like Spain, which boasts a significantly more daunting sector deficit, Greece has decided that the best way to deal with this is to introduce further cuts, including extending the reach of retroactive reductions in feed-in tariffs, adding to a roster of similar regulations introduced late last summer.”

“Hoping to ease the likely slowdown brought on by the cuts, Athens have worked to introduce new rules aimed at cutting red-tape, which they hope will be passed and implemented by early April. The Ministry of Development, Competitiveness, Infrastructure, Transport and Networks has worked to establish a “General Licensing Directory, which will serve as a one-stop shop for strategic investors looking to license their projects,” according to PV Magazine. Additionally, the new legislative framework will introduce ways to fast-track more solar projects.”

“Another reason for the increase can be linked the collapse in the price of PV panels over the last two years. As previously reported on this blog, low costs production of PV panels from Chinese producers helped drive down prices over 24 percent over the last year. The prices spurred a war or words between European and Chinese producers, resulting in threats of new trade restrictions between the two markets amid allegations of unfair government assistance. Despite legal action on both sides, the new prices helped flood the European market with low-cost products, undercutting local manufactures.”

Greece is taking advantage of pricing differentials and investments. The connection between solar investment and support of Cypress is in understanding the economic impacts and butressing against the shocks.

Economy Watch reported. “Greek citizens and politicians on Wednesday praised the Cypriot parliament for standing up to its foreign lenders’ demands, with the government also set to lead a takeover of local units of Cypriot banks in order to shield the Greek economy from any repercussions.”

The core of sustainable nations is the understanding of stakeholder value and the importance of leverage to growth. The Greece is promoting a unique sustainability nexus in economy, energy and efficiency to a sustainable future.


LANDsds Sustainable Voice is a news platform to share interconnected ideas, innovation and observation-The Nexuses.

Tagged with: , , , , , , , , , , , , , , , , , , , , , ,
Posted in Business, Economics, Energy, Energy Investment, Europe, Government, Infrastructure, LAND sds, Renewables Alternatives, Solar, Sustainability, Venture Capital, World News

Have a Sustainable Day My Friend!

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Nexuses Images
Skinny Budget Slashing Budget Making some #Zen

July 4, 2015
Fourth of July!

July 3, 2015
Aetna Buys Humana

June 26,2015
The US Supreme Court votes for gay marriage.

June 25, 2015
The US nation's healthcare, Obamacare was upheld by the Supreme Court today.

April 28, 2015
The Marriage Gay Rights decision from Supreme Court

April 27, 2015
Outburst and acts of violence in Baltimore after the funeral of Mr. Freddy Gray, 25 Black male

April 27, 2015
Chipotle Mexican Restaurant Chain decides no Genetically Modified Ingredients (GMO) to be served

April 27, 2015
Loretta Lynch, sworn in as first Black Woman Attorney General of the United States

April 26 -27, 2015
Tragedy in Nepal as 7,000 Reported Dead from Earthquake and Tremors

April 25, 2015
White House Correspondence Dinner in full swing. Jokes, Pundits and Politics

April 9, 2015
Walter Scott killed by police officer in South Carolina. The crime witnessed and video taped by Feiden Santana.

April 7, 2015
Billie Holiday 100th Birthday anniversary

April 2, 2015
Storm and hail expected through south and east.

April 1, 2015
California's drought will change the way the state operates

Nexuses Top News & Pages
We are glad your here!

LANDsds is the Green Sustainability Voice is dedicated to green, sustainability, green-tech and business contact us at

Top Posts & Pages
  • An error has occurred; the feed is probably down. Try again later.
  • Innovative Architecture Plyscrapers in Paris June 16, 2015
      Michael Green proposes plyscrapers for Paris  June 16, 2015 LANDsds Sustainable Voice News Vancouver architect Michael Green wrote the book on timber towers, and has made a name for himself building North America’s tallest. He is also great at that…Read more ›
    LANDsds Sustainable Voice News
  • Turning Miami into Next Silicon Valey June 1, 2015
    June 1, 2015 LANDsds Sustainable Voice News SHoP Architects has teamed up with West 8 to design a four-block development, aimed specifically at attracting technology businesses and turning Miami into “Florida’s Silicon Valley”. Located in Miami’s Park West neighbourhood, the 10-acre…Read more ›
    LANDsds Sustainable Voice News
  • BP Settles on Oil Spill for $18.7 Billion July 2, 2015
    July 2, 2015 LANDsdsSustainable Voice News   Big news as “BP to Pay $18.7 Billion for Deepwater Horizon Oil Spill” settled to support the environmental damage in 2010. “The federal government and the Gulf Coast states have reached a tentative…Read more ›
    LANDsds Sustainable Voice News
  • US Puerto Rico In Debt Crisis June 30, 2015
    June 30, 2015 By Dr. Tyra Oldham, LANDsds Sustainable Voice News As we the focus on Greece, Puerto Rico is in trouble. Puerto Rico a travel economy with cheap wages and high energy cost is under water. Puerto Rico a part of US…Read more ›
    LANDsds Sustainable Voice News
%d bloggers like this: