Data released by the Hellenic Association of Photovoltaic Companies show that the Greek solar market installed three times more capacity in 2022 compared to 2021. Contact online >>
Data released by the Hellenic Association of Photovoltaic Companies show that the Greek solar market installed three times more capacity in 2022 compared to 2021.
Image: Josema Torres Grifol, Flickr
According to preliminary figures made available to pv magazine by the Hellenic Association of Photovoltaic Companies (Helapco), Greece connected 1. 36 GW of new PV capacity to the grid in 2022. Of this, 341.5 MW was connected to Greece''s transmission grid and about 1020 MW was connected to Greece''s distribution grids.
These figures are preliminary because Greece is yet to officially announce the number of its new PV deployments for 2022. The nation''s renewable energy sources operator, Dapeep, has only published data covering the period until the end of September 2022. Dapeep''s data show that Greece installed 932 MW of new photovoltaic capacity in the first three quarters of last year, but does not include installations under net metering, which are announced separately by the country''s distribution grid operator Hedno.
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The solar energy market has grown significantly in recent years, driven by technological advances and declining costs. It is expected to continue its growth trajectory as countries and companies transition to cleaner energy sources to combat climate change. The market includes a range of products such as solar panels, solar batteries, and solar inverters, which are used in residential, commercial, and industrial applications.
The energy market is expected to continue growing, with increasing demand for energy worldwide as populations grow and economies develop. However, the mix of energy sources is expected to shift towards cleaner and more sustainable options, with renewable energy sources like solar, wind, and hydropower projected to continue growing rapidly. Fossil fuels are expected to gradually decline in importance, although they are likely to remain significant contributors to the global energy mix for several decades, especially in countries that rely almost totally on fossils.
The outlook for the nuclear power market varies depending on the region and country. In some countries, such as China, nuclear power is expected to continue to grow and be an important part of their energy mix. However, in other countries, such as Germany and Japan, there are plans to phase out nuclear power in the coming years. Additionally, the development of new nuclear power projects has been slow due to several factors, including safety concerns, public opposition, and high costs. The construction of new nuclear power plants has also faced delays and cost overruns. The ongoing Russia-Ukraine war has far-reaching effects on the nuclear market, as sanctions imposed on Russia cast doubts on the future of its nuclear industry in the global arena.
The data encompasses B2B enterprises. Figures are based on the value of electricity production in the energy market.
Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use resources from the Statista platform as well as annual reports of the market-leading companies and industry associations, third-party studies and reports, national statistical offices, international institutions, and the experience of our analysts.
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing are well suited for forecasting electricity generation due to the non-linear growth of this market, especially because of the direct impact of climate change on the market.
The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year.
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Greece is rich in light resources and is the European country with the highest proportion of photovoltaic power generation. Greece has actively promoted photovoltaic technology in recent years, and photovoltaic power generation has become an important driving force for Greece to accelerate the development of new energy power systems.
A data analysis released by the Greek Photovoltaic Enterprises Association (Helapco) in February showed that Greece''s new photovoltaic installed capacity will reach 1.59 GW in 2023, setting an annual record and contributing to 74% of this year''s new new energy sources. Currently, Greece''s national photovoltaic installed capacity is 7.1 GW, which can meet 18.4% of the country''s electricity demand. Photovoltaic power generation has become an important driving force for Greece to accelerate the development of new energy power systems.
Greekphotovoltaic production companies are also actively promoting technological innovation. Greek solar module manufacturing company Brite Solar is currently developing photovoltaic greenhouses and bifacial panels that can be used in agriculture. This method of combining new glass coating materials with silicon-based solar cells can further optimize photovoltaic technology for open-air agriculture. On the one hand, it can generate efficient power generation and energy storage, and on the other hand, it can protect crops from adverse weather conditions., and reduce water evaporation.
Greece has also received assistance from the European Union in promoting photovoltaic projects. In April 2024, the EU approved €1 billion in state aid to Greece to support the construction of solar projects with a cumulative capacity of 813 MW and supporting energy storage facilities. The funds will be allocated to two projects: The Faethon project will build two photovoltaic plants with a capacity of 252 MW each, along with integrated molten salt energy storage and an ultra-high voltage substation. The project is designed to provide power regulation. Peak ancillary services; the Seli project will build a 309 MW photovoltaic power station and a lithium-ion battery energy storage system, aiming to optimize power generation and ensure grid stability.
In the revised National Energy and Climate Plan (NECP) to be published in 2023, Greece proposes to increase its cumulative renewable energy capacity to 23.5 GW by 2030 and 71.7 GW by 2050, with solar energy contributing the largest share The installed capacity will reach 14.1 GW by 2030 and 34.5 GW by 2050. Judging from the current development speed of photovoltaics in Greece, the speed of realizing renewable energy power generation has greatly exceeded the expected goal.
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About Greece commercial solar
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