Sky Solar Holdings, a Chinese PV developer, has connected its 70MW solar project in Greece to the grid.
The project consists of a 40MW plant and a 30MW plant located on an area which, the company claims, receives 1,500 hours of sun irradiance a year. The plants were grid-connected in stages with the 40MW plant connected first on 28 January 2013 while the 30MW plant was connected on 12 March 2013.
Both plants qualify for the 20-year Greek feed-in tariff which offers from €0.29-0.44 per kWh.
Sky Solar has been investing in Greece since 2007 and claims to be the largest Chinese investor in Greek renewable energy. According to the company, Greece has excellent solar resources with an average solar irradiation levels 40% higher than that in Germany.
Weili Su, chairman of Sky Solar commented: “The investment in Greek PV power projects is of great significance for the promotion of the development of renewable energy in the Greek economy as well as the achievement of EU’s renewable energy target.
Su added that the rich natural solar resources and the competitive electricity price in Greece will enable solar to play an important role in helping the Greek government to “improve debt crisis and stimulate the national economic growth”.