Greece has excellent solar resources with an average amount of solar irradiation 40 percent higher than that of Germany. As a part of the EU electricity grid, Greece not only transmits and sells the electricity to the European countries short of electricity, but also attracts EU countries and enterprises to invest in photovoltaic power generation in order to accomplish its goals of renewable energy sources.
Sky Solar began to invest in the Greek PV renewable power business in 2007 and has since been very successful with this investment, the company said.
Sky Solar’s 70MW PV power plant is composed of 40MW and 30MW project packages, and the average sun irradiance of the project areas is over 1500 hours per year. The 40MW project was grid-connected on January 28, 2013, while the 30MW project was grid-connected on March 12, 2013. These two projects are entitled to a 20-year Greek PV FiT subsidy, and the electricity price is locked between 0.29 Euro/kWh – 0.44 Euro/kWh.
Following COSCO’s large investment in the Beelia Container Terminal, Sky Solar is the largest Chinese investor in Greek renewable energy sector and is playing an instrumental part in laying the foundation for safe investments for other Chinese enterprises, while also assisting in the export of Chinese products.
Weili Su, chairman of Sky Solar, said, “The Greek renewable energy market still has great potential, and Sky Solar will continue to strengthen the investment and operation and maintenance in renewable energy power projects in Greece.”
Sky Solar to construct PV power projects in Japan
In July last year Sky Solar said it would develop several large solar power plants in Japan through its Japanese subsidiary, Sky Solar Japan. Sky Solar will build a 2MW PV power plant in Uto-Kumamoto. This plant will use over 8,000 modules with an annual capacity of 1,950,000 kWh.