GREECE FAST-TRACKS SUN

Greece reveals 724.162 MW of licensed "Fast Track" PV projects

Ilias Tsagas, 16 January 2013 (PV Magazine)

“…[F]ive photovoltaic projects…[have been] granted by the [Greek government]…so-called "fast track" status. Once completed, these projects will have a total capacity of 724.162 MW.

“…[Because] the Greek legislative framework remains quite complicated…[and] co-responsibilities between different governmental agencies…[is a big] obstacle. For this reason…the Greek Government is now working on a new bill which establishes a General Licensing Directory…[though present] Fast Track project…delays are to do with the ability of the investor…”

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“…[The Greek government] has been doing what it can to increase liquidity in the market…[and is] planning the Greek Investment Fund, which will provide financial and technical support in key areas like energy…[from funds] from both Greek and international institutions…

The Fast Track Mechanism aims to accelerate the implementation of strategic investments in Greece, whether these consist of public-private partnerships or private-private ventures…For a project to be granted the "fast track" status, it needs to satisfy certain quantitative and qualitative characteristics such as having a large budget, the creation of numerous jobs, that it promotes innovation, and protects the environment…[They] primarily concern large scale investments…”

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