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Chinese solar firm connects 70MW PV power plant to Greek grid

Sky Solar announces successful grid-connection of integral 40MW and 30MW photovoltaic projects in Greece

Sky Solar said Greece has excellent resources for solar power development

A Chinese solar energy developer has connected a 70MW power plant to the grid in Greece. Hong Kong firm Sky Solar has announced the successful grid-connection of the integral power plant in the European country, which composes of 40MW and 30MW project packages.

The 40MW project was grid-connected on 28 January 2013, while the 30MW project was grid-connected on 12 March 2013. Development work from Sky Solar included design, investment and financing, construction and grid-connection. The two projects are entitled to a 20-year Greek PV FiT subsidy, and the electricity price is locked between 0.29 EUR/kWh - 0.44 EUR/kWh. 

Amy Zhang, CEO of Sky Solar extended her congratulations and thanks to the Greek project team.

“The Greek project team of Sky Solar made timely adjustments in technology, manpower allocation and project management to break through many challenges and ensure the successful grid-connection of the overall project,” she said.

Investing in Greek PV power

Sky Solar is a leading 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.

Having analysed and studied the market, 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 Greece has excellent solar resources with an average amount of solar irradiation 40 per cent 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.

Mr. Weili Su, chairman of Sky Solar, said: “The investment in Greek PV power projects is of great significance for the promotion of the development of renewable energy in the Greek economy as well as the achievement of EU’s renewable energy target.

"We can, with the rich solar natural resources available, the competitive electricity price in Greece and importance of solar energy for governments, improve debt crisis and stimulate the national economic growth. 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 is the latest Chinese firm to help develop solar power in Greece. In July 2012, China’s ReneSola announced it would supply 100MW of its Virtus PV technology to Greek PV panel distributor BIGSOLAR.