Greece to end 2023 with 1.7 GW of newly-installed solar

Greece is expected to bring online between 1.6 GW and 1.7 GW of fresh solar photovoltaic (PV) capacity in 2023 and beat its year-ago annual additions of 1.4 GW, according to data by SolarPower Europe.

The Greek solar PV market has gained a “tremendous momentum,” which is expected to continue for the next few years, the association said in a report dedicated to the EU solar deployments. The data shows that Greece is among the top 10 largest markets in the bloc, occupying the ninth position in the ranking for new grid-connected PV installations in 2023, moving one spot up from 2022.

Witnessing a 20% year-on-year growth, the expansion of the Greek solar market was propelled by both the utility-scale and residential segments. Deployments in the residential segment, in particular, were facilitated by auctions and simplified permitting.

Greece is anticipated to add 10.9 GW of fresh solar capacity between 2024 and 2027, with the PV technology expected to dominate most of the renewable auctions until 2025, SolarPower Europe said.

The Balkan country’s national plan calls for 13.4 GW of solar farms in operation by 2030, almost double the 7.7 GW target from the previous edition. The cumulative installed PV capacity currently stands at 5.5 GW.

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