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Greece approves new investment of 2.4GW photovoltaic power plant projects

Greece approves new investment of 2.4GW photovoltaic power plant projects

Dec 31,2020.

As part of the economic recovery plan for the COVID-19, the Greek government approved 4 new renewable energy investment projects with a total capacity of 2.8GW. These include 1.5GW solar photovoltaic power plants spanning 12 regions in central and northern Greece and 37 photovoltaic power plants with a total capacity of 830MW for Larissa, Magnesia and Kilkis.

As part of the road map to support the elimination of coal power generation by 2028, the Greek state-owned public power company is responsible for  the development of solar power plants. The company's mid-term goal is to reach 1.1-1.4GW of installed solar photovoltaic capacity by 2024.

In the next few years, the Greek photovoltaic market has a bright future. Greece is also a potential development market for UISOLAR.

Adonis Georgiadis, Minister of Development and Investment, said that despite the economic damage caused by the COVID-19, the practice of expanding solar projects through strategic investment "still will not be interrupted."

Nikos Papathanasis, Deputy Minister of Development and Investment, said that in order to create jobs and rebound from the global epidemic, investing in solar projects is “imperative”.

The Ministry of Environment and Energy in Greece is also trying to shorten the lengthy licensing process for renewable energy projects, working to get rid of the eight-year wait for large projects.

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