Greece Kicks Off $3.6 Billion Program for Solar, Wind Projects
- First auction on July 2 for 600 megawatts of wind and solar
- Country seeks 18 percent renewable power consumption by 2020
Wind turbines
Photographer: Chris Ratcliffe/Bloomberg
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Greece is preparing to auction 2.6 gigawatts of solar and wind projects to attract investment and beef up the Mediterranean country’s clean-energy credentials.
“From now on renewable energy production and prices will be determined by competitive tender process,” said Energy Minister George Stathakis. The “move should encourage investments in renewable energy of 2.5 billion to 3 billion euros, especially in wind.”