Premium

Greek solar market ‘about to take off’

Facebook
Twitter
LinkedIn
Reddit
Email
Mytilineos is aiming to develop and construct at least 1.6GW of solar this year. Image: Mytilineos.

Greece is on track to accelerate solar deployment in the coming years, with the sector boosted by rising demand for renewable offtake agreements from corporations and clean energy policies from the European Union (EU).

That is according to Nikos Papapetrou, general manager of Greek industrial group Mytilineos’s renewables and storage development business, who said there’s now a “huge appetite” for renewable power purchase agreements (PPAs) in the country.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

“Greece’s solar market is about to take off,” Papapetrou told PV Tech Premium, adding that the significant rise in solar additions seen in the country in recent years is set to continue.

In 2021, Greece more than tripled annual PV deployment year-on-year, increasing additions from 500MW to 1.6GW, according to trade body SolarPower Europe (SPE), which said in a report published last month that the boom is driven mostly by ground-mount projects up to 500kW, for which the government recently extended the feed-in premium until the end of 2022.

With most big energy stakeholders in Greece eyeing up investments in the domestic solar sector, SPE said, the country now has a solar project pipeline of up to 85GW.

An uptick in deals in recent months has seen Greek utility PPC and German energy major RWE form a joint venture that will develop up to 2GW of utility-scale solar plants in Greece, while Italian energy company Eni last week announced its entry into the country’s renewables market with the acquisition of Solar-Konzept Greece, a PV project developer with an 800MW pipeline.

Mytilineos, meanwhile, acquired a portfolio of around 1.5GW of solar farms and 21 battery energy storage projects in Greece last February in a move it said would “radically change the profile and size” of the company.

Papapetrou said there has been rising demand from corporations and utilities in Greece for solar PPAs, especially in the last year: “The market is much more educated and there’s a huge appetite for renewable PPAs.”

As in other markets across Europe, Greece’s solar sector will be boosted by EU policies such as the ‘Fit for 55’ package, Papapetrou said. That plan, proposed by the European Commission last year, will see the bloc raise the share of renewable energy to 40% of final consumption by 2030.

Mytilineos to develop up to 2GW of PV in 2021

Last year saw Mytilineos navigate headwinds in the form of module procurement and transportation challenges. Papapetrou said there was a lack of module availability “for a major part” of 2021, and even if they were able to be procured, it was difficult to get them shipped and delivered on time due to transportation issues.

While the geographical footprint of Mytilineos’ renewables business has not changed much in the last two years, the unit has expanded its presence in countries where it was already operational before COVID-19 hit. Its key markets for solar development include Australia, South Korea, Southern Europe, the UK, Ireland, Romania and Chile.

“No matter the difficulties and the challenges of the previous year, which were indeed fairly unique, we did well, we grew, and that shows the resilience of our business model,” Papapetrou said.

He said this year Mytilineos aims to develop and construct between 1.6GW and 2GW of solar PV projects globally. This includes its own projects as well as its role as a third-party EPC for clients such as Lightsource bp and Total Eren.

Read Next

October 7, 2025
Juniper Green Energy through its subsidiary Juniper Green Sigma Eight has signed a 70MW power purchase agreement with renewable energy giant Tata Power. 
October 6, 2025
Rajasthan government will develop 500MW/2,000MWh of standalone battery energy storage systems (BESS) with a four-hour single-cycle configuration and extended operational life.
October 3, 2025
Chinese government policies and supply-side production cuts will drive a significant increase in solar and storage component costs.
September 29, 2025
Burns & McDonnell examines the outlook of the utility-scale solar sector amidst the latest policy and tariff changes.
September 24, 2025
Representatives from the EU, IEA and IRENA have signed an open letter to deliver a 'just and equitable energy transition'.
September 23, 2025
European power purchase agreement (PPA) prices fell 0.6% between July and August this year, according to Swiss consultancy Pexpark.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
October 21, 2025
New York, USA
Solar Media Events
November 25, 2025
Warsaw, Poland
Solar Media Events
December 2, 2025
Málaga, Spain
Solar Media Events
February 3, 2026
London, UK