In spite of the licensing and development hurdles faced by project developers at the beginning, Greece has made substantial progress in promoting and supporting renewables during the last 15 years.
Years of investment have led to the construction of more than 2GW of wind capacity and the wind sector continues to be one of the most attractive markets for foreign direct investments in the country, even during the last five years of the Greek debt crisis.
Greece’s anticipated financial assistance from the European Stability Mechanism (ESM) following the July 2015 Euro Summit, and the subsequent mobilization by the European Commission (EC) of more than €35 billion from the EU budget up to 2020, will hopefully reverse the current economic conditions in the country. This will improve the investment climate for wind power in Greece with a view to meeting the country’s national targets for renewables by 2020.
Read more
Location