Greece’s burgeoning solar sector is attracting heavy buzz within the European renewables industry at the moment, underpinned by a suite of lavish new feed-in tariffs (FITs) that pay out €0.55 ($0.77) per kilowatt hour (kWh) of electricity produced by residential PV systems, and as much as €0.50 for utility-scale arrays.
Unlike the solar FIT Greece introduced in 2006, which capped support at 700 megawatts (MW) and failed to kick-start a domestic PV industry, the new subsidy scheme comes without a ceiling.
