Greek Hopes Rest on Solar Power for Economic Recovery
The "Helios" solar power plane on first test flight over Niihau after take off
Greece, perhaps more than any other country in the EU, has been the worst hit in the Euro-zone crisis. However, the Greek Prime Minister has declared that renewable energy investments will prove to be crucial to the country’s recovery.
According to Business Green, the country has even touted an investment of €20bn in solar which is part of the government’s plan to deliver 100 percent of its energy needs through renewable sources by 2050.
PM Lucas Papademos, who recently spoke at a renewable energy and infrastructure development summit in Athens, said that investment in green energy was a “national priority” to boost economic growth. Project Helios is the Greek government’s massive initiative to ramp up solar power production from 206 MW to 2.2. GW by 2020 and up to 10 GW by 2050. The country is aiming to become the EU’s largest exporter of green energy.
The government hopes that this plan will attract the investment needed and Greece can then transform itself into an exporter of solar power and help other EU countries to meet their renewable targets. Greece’s Energy and Climate Change Minister, George Papakonstantinou, also launched a draft renewable energy plan which will ensure that the country meets EU targets to deliver 80 percent emissions cuts by 2050. Continue reading more…
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