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Greece’s PM plans to develop US$27 billion Helios solar project

According to a report from newnet and Bloomberg, Lucas Papademos, Greece’s Prime Minister, announced plans to develop the US$27 billion Helios solar project, citing renewable energy as a priority for the economically challenged country. Papademos advised that he looks to the plant as being a way to help Greece’s economy prosper while exporting clean energy. The Helios project aims to install up to 10GW of solar panels by 2050.

Papademos commented, “In the last few years, talk has centred on Greece’s fiscal discipline. But fiscal harmonisation isn’t enough for development. The energy sector gives Greece an opportunity to become a hub for the European Union and third countries.”

The solar project will feature a long-term cooperation agreement between Greece and other EU member states. However, Guggenheim Partners, an advisor to the Greek government, noted that the project will need to draw both industry and financial investors for its successful completion.


  • Photovoltaics International 29th Edition

    Forecasting the evolution of a young, dynamic industry is by definition an uncertain business, and solar is no exception. Rarely, if ever, do the numbers broadcast by any of the various bodies involved in the PV prediction game tally, and even historical deployment rates remain the subject of hot debate. The paradox is that getting forecasts broadly right is going to become increasingly important over the next few years, particularly for those involved in producing the equipment that will support whatever levels of demand come to pass.



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