Greece plans to develop over 2GW photovoltaic projects

     A few days ago, industry media PV-Tech reported that the Greek government is accelerating the pace of construction of photovoltaic projects in order to fulfill its commitment to “phasing out coal power by 2028”. Among them, the public power company (PPC), a Greek state-owned power company, will take the lead in developing photovoltaic projects with a total installed capacity of 500 MW solar cell system in the Peloponnese Peninsula in southern Greece, and the Greek oil company’s photovoltaic projects worth more than 100 million euros are also planning in.

    The total installed capacity exceeds 2 GW

    According to the plan of Greece's 2028 decoaling roadmap, Greece will develop a photovoltaic power generation project with a total installed capacity of 2.3 GW as an alternative power source.

    The Greek government promised to "phase out coal-fired power generation by 2028." This is an important starting point for Greece to complete its emission reduction targets by 2050. To this end, it will spend 5 billion euros to promote the plan, which includes increasing the installed capacity of local photovoltaic power generation. Supporting the development of energy storage, hydrogen and other related industrial projects.

    Up to now, there are two publicly planned photovoltaic projects in Greece: one is PPC's photovoltaic project in the Peloponnese, with a total installed capacity of 500 MW, and the investment amount has not been disclosed; the other is Hellenic Petroleum plans to invest 130 million euros For photovoltaic projects, the specific location and capacity have not yet been determined.

    Reuters quoted the Greek Minister of the Environment and Energy Kostis Hatzidakis as saying that the selected location for the above project is a relatively developed area in Greece for nearly half a century. Photovoltaic projects are the first to settle in this area, which will help promote the region’s shift from relying on coal. Green energy can promote the development of agriculture and tourism in the area.

    Kostis Hatzidakis also said that the development of photovoltaic projects will also promote employment and is expected to increase thousands of jobs in the above-mentioned areas. At the same time, it will also attract new related industrial enterprises to land and drive local economic development.

    It is reported that a total of 5 billion euros will come from loans from the Greek government, the European Union and the European Investment Bank. However, this plan has not yet been approved by the Greek Parliament and the European Union, and the dust is expected to settle before the end of the year.