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An assessment of the Greek incentives scheme for photovoltaics

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  • Papadopoulos, A.M.
  • Karteris, M.M.

Abstract

After two years of elaboration a new legislation was enacted in 2006 in Greece, providing an appealing feed-in tariff (FiT) scheme for photovoltaics (PVs). The response of the market was immediate with more than 7947 licenses having been submitted in less than 2 years' time. The effectiveness however of an incentives' scheme cannot be judged solely by the response of prospective investors. Aim of this paper is to present and discuss a quantitative assessment of this newly introduced FiT law in Greece, with respect to its attractiveness to investors, its effectiveness towards launching a new market, its cost efficiency and its ability to lift non-economic barriers that led to significant delays in the diffusion of RES over the last 10 years.

Suggested Citation

  • Papadopoulos, A.M. & Karteris, M.M., 2009. "An assessment of the Greek incentives scheme for photovoltaics," Energy Policy, Elsevier, vol. 37(5), pages 1945-1952, May.
    • Handle: RePEc:eee:enepol:v:37:y:2009:i:5:p:1945-1952
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