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Following consultations with stake holders and environmental organisations, the Greek Ministry of Environment has published new FiTs for PV installations, effective February 1. The tariff for PV systems up to 100kW and for systems installed on non-interconnected islands has been reduced by 12.5% compared to the previous rate introduced in 2009. The new tariff will be further reduced by 7% every six months until August 2014.
The tariff will start at €0.328kWh this month and will eventually drop down to €0.229kWh in August 2014. From February 2015 onwards, both tariffs will be defined by a specific equation that will continue to gradually reduce the tariffs. Meanwhile, the tariff for rooftop PV systems up to 10kW will be reduced by 5% every six months. It has now been set at €0.495 and will end with a tariff of €0.383 in 2014.
At the end of September 2011, the installed capacity was 460MW from 198MW in late 2010. Greece expects to achieve its national target ahead of schedule.
