07 Jun '16, 9pm

Greece's islands are in need of more #solar PV and storage Read more:

“After lengthy research we found out that the Greek ministry did not make the proper assumptions for the non-interconnected islands, resulting in project IRRs less than 10% for the islands’ PV installations,” added Faitatzoglou. For example, “the ministry assumed the average solar irradiation for the islands to be 9% higher than what it actually is. In addition, they considered the average PV project to have a much larger capacity, leading in lower project unit costs. As a result, the FIT cuts in the islands were up to 18% higher than in the mainland,” argued Faitatzoglou. Another point is that power generators from PV installations in Greece’s non-interconnected islands do not get remunerated directly from Greece's LAGIE renewable energies (RE) fund. “The fund that remunerates our projects comes from HEDNO (the Hellenic electricity distribution network operator),” continu...

Full article: http://www.pv-magazine.com/news/details/beitrag/greeces-i...

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