Greece is a magnet for solar energy

The high investment attractiveness index in solar energy puts Greece among the giants of the global renewable energy market.

Greece has become a magnet for big brands in the international renewable energy market. The number and scale of their operations, from photovoltaic panels and inverter companies to investment giants in the power generation industry, are enormous.

Large manufacturers of photovoltaic panels and inverters are already firmly established in the country. In addition to the world leader in the production of panel equipment JinkoSolar, other leading industry players such as LONGi, TrinaSolar, JA Solar, Canadian Solar and Risen Energy have opened their headquarters in our country.

six giants

These are the six global giants of the photovoltaic industry. In particular, in the first half of 2022, JinkoSolar’s supply reached 18.21 GW and its operating revenue was $4.84 billion. TrinaSolar reached 18.05GW with $5.17B in operating income, LONGi reached 18.02GW with $7.3B in revenue, JA Solar reached 15.67GW with $4.12B in revenue, Canadian Solar reached 8.69 GW with $3.56 billion in revenue and Risen Energy with 7 GW.

Attractive market

As JinkoSolar Southeast Europe Sales Manager, Mr. Dimitris Varlamis, the market in Greece and Europe is growing rapidly and is attractive to the photovoltaic industry. In 2021, Jinko delivered 4 gigawatts (GW) of photovoltaic installations to Europe via Greece, this will reach 10 GW this year and an estimated 20 to 25 GW in 2023. In addition, some of the largest manufacturers of inverters (essential components for the operation of photovoltaic parks), such as HUAWEI, Sungrow, Growatt, Goodwe, etc., have recently opened offices in Greece. As the agent of the Greek market emphasizes, it is no coincidence… the cream of the world renewable energy market has arrived or is planning to open offices in our country. This is evidenced by the international investment attractiveness index, proportional to the GDP of each country, in which Greece ranks second,

Head of Lightsource BP (BP’s green division) in Greece Ms. Natalia Paraskevopuluspeaking at a financial forum and explaining why a British photovoltaic company decided to invest in Greece, said: “The country has a lot of sunshine and has solid process licensing.” In terms of licensing failures, community reactions, or overburdened networks, she says it’s “problems we face in all the countries where we operate.”

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