Penetration of Photovoltaics in Greece

Eugenia Giannini, Antonia Moropoulou, Zacharias Maroulis and Glykeria Siouti
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Eugenia Giannini: Department of Chemical Engineering, National Technical University of Athens, 15780 Athens, Greece
Antonia Moropoulou: Department of Chemical Engineering, National Technical University of Athens, 15780 Athens, Greece
Zacharias Maroulis: Department of Chemical Engineering, National Technical University of Athens, 15780 Athens, Greece
Glykeria Siouti: Department of Law, National and Kapodistrian University of Athens, 10672 Athens, Greece

Energies, 2015, vol. 8, issue 7, 1-12

Abstract: Recently, an interesting experiment was completed in Greece concerning photovoltaic penetration into the electricity production sector. Based on the relevant laws and in accordance to the related European directives, an explosive penetration process was completed in less than three years, resulting in a 7% share of photovoltaics in electricity production instead of the previous negligible share. The legislation was based on licensing simplification and generous feed-in-tariffs. This approach transformed photovoltaic technology from a prohibitively expensive to a competitive one. This work aims to summarize the relevant legislation and illustrate its effect on the resulting penetration. A sigmoid-shape penetration was observed which was explained by a pulse-type driving force. The return on investment indicator was proposed as an appropriate driving force, which incorporates feed-in-tariffs and turnkey-cost. Furthermore, the resulting surcharge on the electricity price due to photovoltaic penetration was also analyzed.

Keywords: feed in tariff; return on investment; turnkey cost; renewable energy sources (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2015
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10)

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