How has the Greek solar market performed in 2022?

The Greek solar PV market has gained tremendous momentum, which is expected to continue for the next few years. In 2022, 1.4 GW of new PV projects were connected to the grid, bringing the cumulative capacity to 5.5 GW. This was the best performance ever for the Greek solar sector.

How much solar capacity will Greece have in 2022?

In 2022, 1.4 GW of new PV projects were connected to the grid, bringing the cumulative capacity to 5.5 GW. This was the best performance ever for the Greek solar sector. Still, it looks modest if you compare it with the expected performance of the market in 2023 which should bring online around 1.7 GW of solar capacity.

How much solar will Greece have in 2030?

This outshined the expected 13% share of solar in meeting gross electricity demand. Considering current trends, Greece is revising its 2030 national solar target: the new draft target is 13.4 GW by the end of the decade, almost doubling the one previously set. The major bottleneck remains the availability of grid capacity.

How is storage regulated in Greece in 2022?

In 2022, the Greek Parliament also passed a thorough regulatory framework for storage. Large-scale storage are selected through a bidding process, with a total tendered power capacity of 1,000 MW and at least 2.6 GWh of storage capacity.

How did the weather affect solar power in Greece in 2022?

The bright weather across the country helped solar PV to contribute to some 13.6% of total Greek electricity production in 2022, breaking yet another record. This outshined the expected 13% share of solar in meeting gross electricity demand.

Why is solar power growing in Greece?

However, the utility-scale and residential self-consumption segments are experiencing noteworthy growth for the first time. The bright weather across the country helped solar PV to contribute to some 13.6% of total Greek electricity production in 2022, breaking yet another record.