Greece is rich in solar energy resources, the average annual sunshine hours are about 3,000 hours, and the average annual solar radiation is 1400-1800 KWH/square meter. In recent years, Greece has actively promoted solar power generation. In April last year, Hellenic Petroleum Group invested 130 million euros in the construction of a photovoltaic park in the northern coal region of Kozani, with a total installed capacity of 204 megawatts, which can meet the electricity needs of 75,000 households, and is currently one of the largest solar power projects in the Eastern Mediterranean region. Greek energy expert Nix Zafos said that between 2018 and 2022, Greece's installed solar power capacity increased by 110%, higher than the EU average.
In order to attract companies to invest in solar power projects, the Greek Parliament passed a new bill last July to simplify the approval process for renewable energy projects and introduce a regulatory framework for energy storage projects. Driven by favorable policies, solar power projects in Greece have increased rapidly. According to Greek media reports, the country's new installed solar power capacity in 2022 reached 1,340 megawatts, a record high. In the same period, Greece's solar power generation accounted for 12.6% of total power generation, ranking second in the EU.
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