Greece Pushes $1.4 Billion in Solar Projects to Aid Economy

Greece, which pays Europe’s highest premium for solar power, said it will fast-track three solar photovoltaic projects with a total investment of 1 billion euros ($1.37 billion) to help revive its shrinking economy.

They include the 200-megawatt Kozani plant, to be developed by Public Power Corp. SA, the country’s biggest electricity producer, said Aristomenis Syngros, the head of Invest in Greece, the agency that implements a law aimed at speeding up projects deemed important to the Greek economy. Solar Cells Hellas Group is planning a 131-megawatt plant and Silcio SA has one that would generate 127 megawatts under the program.