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1,450MW. It should be noted that there is an addi-
tional 370.6MW of installation licenses,
3,219.6MW of interconnection bids, and
2,990.6MW of generation licenses.
In small hydro (≤15MW), power purchase agree-
ments account for 25.7MW, installation licenses
for 66.75MW, interconnection bids for 142.5MW,
and generation licenses account for 949MW. The
installed capacity targets for this particular tech-
nology have been set to 300MW for 2014 and
350MW for 2020.
In biomass, PPA capacity (4.5MW) has increased
by 462% since the end of 2011; however, the
installation of most of the capacity that is current-
ly in previous stages, mainly the generation
license stage (401.83MW), should be sped up, in
order to meet the 2014 and 2020 targets of
200MW and 350MW respectively.
Geothermal projects remained more or less
unchanged in the first nine-months of 2011, as
generation licenses accounted for 8MW, and gen-
eration license applications accounted for
340MW. Solar power generation licenses
amounted to 379.6MW (an 18.6% increase com-
pared to June 2011), aiming at 120MW in 2014
and 250MW in 2020. As regards hybrid applica-
tions, 80kW have obtained installation licenses
2020 will be met much earlier in regard to most
RES technologies. This is particularly true in the
case of PV systems, where projects with a total
capacity of 2GW are under power purchase
agreements.
More specifically, licenses for the installation of
1,438.57MW of generating capacity had been
granted as per September 2011, while power pur-
chase agreements covered 655.83MW of gener-
ating capacity (increased by 16% and 82%
respectively, as compared to 2010). The installed
capacity target, as set out by the Ministerial
Decision of 2010, provides for wind farms of
4,000MW in 2014 and 7,500MW in 2020. The tar-
gets for both years are expected to be over-
achieved, given that interconnection bids account
for wind capacity of 3,854MW, while even if some
of these projects never come on-stream for vari-
ous reasons, the large number of 25,268MW
which have generation licenses lend additional
credibility to forecasts.
In Photovoltaics (excluding rural PVs), PPAs
accounted for 1,982.57MW of installed capacity
as per September 2011 (increased by 300% since
the end of 2010), which, when added to opera-
tional installed capacity, lead to the achievement
of the target for 2020, i.e. the installation of
Trade with Greece
77
By Christos Colonas
As shown by data from the Ministry for the
Environment, Energy and Climate Change (MEECC),
despite the unfavourable economic situation, total RES
installed capacity in Greece rose by 477MW in the third
quarter of 2011 (27.5%) as compared to year-end 2010,
and by 192 MW (9.5%) as compared to June 2011.
Increased investor
interest in Renewable
Energy Sources