10 Oct '11, 2am

Greece's recession-busting solar plan edges forward via @businessgreen

A nationwide solar initiative tipped to help Greece drag itself out of financial meltdown could be rubberstamped by the end of the year. Project Helios, named after the Greek god of the sun, is designed to attract €20bn in foreign investment to deliver 2,200MW of solar capacity by 2020 – a tenfold increase – before rising to 10,000MW by 2050. FURTHER READING Solar power offers a ray of hope to stricken Greek economy Merkel hints at further cuts to German solar incentives The scheme was unveiled last month by energy minister George Papaconstantinou, who told news agency Bloomberg on Friday that Greece plans to sign a pact with EU officials and renewable energy companies within the next few months. "I have spoken with three German ministers on the project as well as with the EU, and I'm optimistic we can get a framework agreement by the end of the year," he said. Papaconstan...

Full article: http://www.businessgreen.com/bg/news/2115614/greeces-rece...

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