Tuesday, April 2, 2013

Germany and European Commission help Greece expand renewable energy sector, ......Won't be long before they Help Cyprus with their Gas Fields

Germany, the European Commission and Greece have signed a joint declaration of intent to reform and expand the Greek renewable energy sector.

All parties concerned aim to help Greece to profit both from the recent fall in technology costs, especially in the PV sector, and from Germany and the EU's experience in the renewable energy sector, thus making the country fitter to address the challenges of renewable energy expansion.

Although Greece has far more solar radiation than Germany, its support costs for PV are significantly higher, which the Greek government last year proposed on cutting.

In November 2012, the Greek Parliament passed an austerity package which included a tax on existing solar power plants.