03 Apr '12, 3pm

Greeks plan up to 100% renewable electricity by 2050:

Greece's prime minister has touted renewable energy investments, including a €20bn solar initiative, as crucial to the recovery of the country's stricken economy, as the government launched plans that could deliver 100 per cent green electricity by 2050. Speaking at a renewable energy and infrastructure development summit in Athens this morning, Lucas Papademos said investment in green energy was a "national priority" to boost growth. FURTHER READING Firms urge Davey to back EU 20 per cent energy saving goal Q-Cells to file for insolvency tomorrow He said the country hopes to become the EU's largest exporter of green energy by building the giant Project Helios , which involves ramping up Greek solar power production from 206MW in 2010 to 2.2GW by 2020 and up to 10 GW by 2050. The government hopes the plan could attract up to €20bn of investment and help establish the count...

Full article: http://www.businessgreen.com/bg/news/2165678/greece-touts...

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